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Can I claim my 85 year old mother as a dependent?
Support requirement. You must have provided more than half of your parent’s support during the tax year in order to claim them as a dependent. Compare the...
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National News
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Is QuickBooks good for manufacturing company?
Using QuickBooks for manufacturing is possible. However, the built-in inventory management system is designed mainly for businesses tracking the stock lev...
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What do you need to know about a promissory note?
A promissory note is a written and enforceable agreement in which a borrower promises to pay a lender a sum of money on demand, or within a specified peri...
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What does it mean when it says insurance provider?
Provider: A term commonly used by health insurance companies to designate any healthcare provider, whether a doctor or nurse, a hospital or clinic. Can yo...
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What happens when the world price is higher than the domestic price?
The domestic supply increases until equilibrium is reached with the world price. Since the world price is higher than the domestic price, producers will c...
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Do you need a special account to invest in stocks?
You’ll need a brokerage account to trade shares on a stock exchange. There are plenty of online platforms to choose from, and selecting which is best for ...
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Can I use 401k money to buy a business?
401(k) business financing (also known as Rollovers for Business Start-ups or ROBS) allows you to tap into your retirement account and use that money to st...
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Can the Supreme Court suo moto?
Suo moto cases have been taken up by the initiative of the judge(s) themselves, in a similar vein. In 2014, the procedure for suo moto petitions at the Su...
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How does a 401k work for an employer?
How does a 401k work? A 401k plan is a benefit commonly offered by employers to ensure employees have dedicated retirement funds. A set percentage the emp...
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What is a redirecting question?
These questions are simply asking a question in response to the question just asked. Basically, these questions are meant to help guide students to the an...
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