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What does working for the federal government mean?
A federal job refers to any position within the branches of government. If you’re interested in working for the government and improving conditions in the...
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How is the taxability of a capital gain determined?
The taxability of capital gain depends on the nature of gain, i.e. whether short-term or long-term. Hence to determine the taxability, capital gains are c...
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What is a good yearly profit for a small business?
8 Small Business Revenue Statistics Small businesses with no employees have an average annual revenue of $46,978. The average small business owner makes $...
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Do you pay NYC tax if you work in NYC and live in NJ?
Do You Need to Pay Taxes in Both NY and NJ? Yes and no. You won’t have to pay New York City taxes, and you won’t be fully double taxed on your state incom...
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How do I prove my mileage is deductible?
If you choose the standard mileage deduction, you must keep a log of miles driven. The IRS is quite specific on this point: At the start of each trip, the...
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How does a bank Figure interest?
Simple Interest It is calculated by multiplying the principal, rate of interest and the time period. The formula for Simple Interest (SI) is “principal x ...
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What type of entity is a condo association?
In California, a homeowners association that wishes to be incorporated forms a type of entity called a nonprofit mutual benefit corporation. To do this, t...
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What is your salary if you make 4000 a month?
Since there are 12 months in a year, you can estimate the average monthly earnings from your $4,000 salary as $333.33 per month. In that case, you would b...
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What qualifies a house for a mortgage?
Some of the basics you’ll need in order to be approved for any type of home loan include: A reliable source of income. A debt-to-income ratio that falls w...
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Is there money in flipping property?
Flipping works best when there is strong demand in the housing market. If demand is down, it is not going to work for most property investors. Anybody can...
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