world affairs
Is tax expense a general expense?
“General and administrative expenses primarily consist of payroll and related expenses; facilities and equipment, such as depreciation expense and rent; p...
Read Journal Category
World Affairs
world affairs
What to do when employment is terminated and you have a 401k?
Rollover your retirement savings account into an IRA If you are fired or laid off, you have the right to move the money from your 401k account to an IRA w...
Read Journal
world affairs
What happens if you give false information on a mortgage application?
Make sure that all the information you provide on a mortgage application is 100% accurate. If you are caught lying on a mortgage application, your lender ...
Read Journal
world affairs
What is the maximum income for 401K?
This limit increases to $64,500 for 2021; $63.500 for 2020 ($62,000 for 2019) if you include catch-up contributions. In addition, the amount of your compe...
Read Journal
world affairs
What is a rate of return example?
The return, or rate of return, depends on the currency of measurement. For example, suppose a 10,000 USD (US dollar) cash deposit earns 2% interest over a...
Read Journal
world affairs
What does HRA mean in medical terms?
Health Reimbursement Arrangements (HRAs) are employer-funded group health plans from which employees are reimbursed tax-free for qualified medical expense...
Read Journal
world affairs
Why was my bonus taxed 30%?
It comes down to what’s called “supplemental income.” Although all of your earned dollars are equal at tax time, when bonuses are issued, they’re consider...
Read Journal
world affairs
What happens when a corporation issues a bond?
Issuing bonds is one way for companies to raise money. The investor agrees to give the corporation a certain amount of money for a specific period of time...
Read Journal
world affairs
Does HSBC do text alerts?
HSBC will use short code 97808 to send you SMS alerts when we have detected potential fraudulent transactions on your HSBC credit and/or debit card accoun...
Read Journal
world affairs
Where is depreciation in cash flow statement?
Depreciation in cash flow statement Depreciation is a non-cash expense, which means that it needs to be added back to the cash flow statement in the opera...
Read Journal