Accounting

How Much Money Can You Make to Get the Max Amount of Earned Tax Income Credit?

How Much Money Can You Make to Get the Max Amount of Earned Tax Income Credit?

The Earned Income Tax Credit, or EITC, is a refundable tax credit available to individual income tax filers who have earned less than a threshold level of income in the prior ...

How to Calculate Fair Market Value of Property After a Casualty Loss

How to Calculate Fair Market Value of Property After a Casualty Loss

The IRS generally prohibits taxpayers from claiming a deduction for losses they incur on personal property. However, if your loss is the direct result of a casualty event, such as ...

How to Calculate Stock Variance Given the Beta

How to Calculate Stock Variance Given the Beta

Stock investors consider various factors to determine whether a stock provides sufficient returns for the amount of risk it has. Beta measures the extent to which a stock's value ...

How to Calculate the Total Cash Value of a Lotto Win

How to Calculate the Total Cash Value of a Lotto Win

The big lottery jackpots that are advertised are not money paid all at once. Lottery winnings are typically paid out over many years, in installments. Some lotteries allow the ...

Prospective Payment Plan vs. Retrospective

Prospective Payment Plan vs. Retrospective

There are two competing schools of thought regarding payment plans for health care: prospective and retrospective. Many health providers, including state-provided health care ...

What Is the Difference Between an Absolute & a Relative Measure of Forecasting Error?

What Is the Difference Between an Absolute & a Relative Measure of Forecasting Error?

One of the keys to any good investment strategy is the ability to trust forecasting, or projections about the likely future values of specific investments. Financial analysts ...

How to Calculate a Pension's Taxable Amount

How to Calculate a Pension's Taxable Amount

A pension provides a nice nest egg for individuals in retirement. Taxpayers, though, must report all or a portion of their annuity payments, the monthly payments given to ...

How to Cash in a War Savings Bond Series E

How to Cash in a War Savings Bond Series E

Series E savings bonds were first sold in 1941 to raise money for World War II. You could buy Series E bonds up until 1980, when Series EE bonds replaced them. Although you can no ...

Typical Budget Ratios

Typical Budget Ratios

Setting up a household budget to track and contain expenses is only half of the battle; it’s sticking to it that is the most important aspect. While some ongoing expenses ...

How to Cash in Old Foreign Money

How to Cash in Old Foreign Money

Travelers often keep small denominations of foreign money acquired on trips abroad as souvenirs. Sometimes though, the foreign money makes it back home accidentally when travelers ...

How to Calculate Revenues Using a Balance Sheet

How to Calculate Revenues Using a Balance Sheet

The balance sheet is just one of the three major reporting statements that a company uses to assess its health. To calculate revenue, you must use the income statement, also ...

What Is Functional Cost Center Budgeting?

What Is Functional Cost Center Budgeting?

When a company opens its doors to the public, the owner needs to consider what activities to focus on. These activities include servicing customers, evaluating new opportunities ...

How Does a Distribution From a 529 Plan Get Reported?

How Does a Distribution From a 529 Plan Get Reported?

Many states allow their residents to participate in a 529 plan, also known as a qualified tuition plan, to either set money aside for their chosen beneficiary's educational ...

How to Calculate Property Taxes After the Homestead Exemption

How to Calculate Property Taxes After the Homestead Exemption

Homestead exemption laws allow homeowners who meet certain criteria to reduce property taxes. Individual states establish their own homestead exemption legislation. Thus, the ...

How to Distinguish Between Injured Spouse and Innocent Spouse

How to Distinguish Between Injured Spouse and Innocent Spouse

The difference between an injured spouse and an innocent spouse is significant in the eyes of the Internal Revenue Service. Both release you from an income tax liability arising ...

Tax Implications of an Investment Property

Tax Implications of an Investment Property

The tax implications of an investment property can be intimidating to a new landlord. It is helpful to know what income must be reported to the IRS, what is taxable, and the ...

How to Calculate Compounded Quarterly Interest Rates

How to Calculate Compounded Quarterly Interest Rates

An annual percentage rate (APR) represents the sum of the periodic interest rates over the course of one year, but does not account for the effects of compound interest. In order ...