Manulife Financial Corporation is not a Regulated Investment Company (RIC). RICs are a type of investment company that is regulated by the US Internal Revenue Code. They offer investors a way to diversify their portfolios and potentially reduce their tax liability. RICs must meet certain requirements, such as investing at least 90% of their assets … Read more
When receiving long-term disability benefits, whether you have to pay Federal Insurance Contributions Act (FICA) taxes depends on the source of the benefits. If the benefits come from a private disability insurance policy you purchased, they’re generally not subject to FICA taxes. This is because private insurance policies are considered taxable income and have already … Read more
When gifting money, individuals generally don’t have to pay taxes on the amount received, thanks to the annual gift tax exclusion. This exclusion allows you to give a certain amount of money each year to as many people as you like without triggering any tax consequences. The exclusion amount varies from year to year and … Read more
Stimulus trios are a type of advertisement where a brand presents three different stimuli, such as images, videos, or text, to a consumer. The goal of a stimulus trio is to increase brand awareness and recall. While stimulus trios may engage consumers and leave a lasting impression, they are not typically considered wins in the … Read more
Money’s influence in presidential elections manifests through various means. Funding enables candidates to execute robust campaigns, reaching a broader electorate through advertising, rallies, and organizing events. It supports hiring professional staff, conducting research, and employing data analytics to identify and target potential voters. Additionally, money allows candidates to invest in infrastructure, such as campaign headquarters … Read more
Indemnity is a core concept in insurance that refers to the financial protection offered by an insurer to policyholders in the event of a covered loss or damage. When an insured event occurs, the insurer is legally obligated to compensate the policyholder for the financial costs associated with the loss, up to the limits specified … Read more
The Loanable Funds Theory is an economic model that describes the relationship between the supply and demand for loanable funds in a financial market. It suggests that the interest rate acts as a balancing mechanism, adjusting to bring the quantity of loanable funds supplied by savers and the quantity demanded by borrowers into equilibrium. When … Read more
Treasury stock is not considered an investment because the company does not receive any financial benefit from holding its own shares. Treasury stock represents shares that have been bought back by the company but not yet canceled or resold. As such, it does not generate income, dividends, or any other type of return for the … Read more
The value of a guinea has fluctuated throughout history, reflecting changes in the economy and the price of gold. In the early 18th century, a guinea was worth approximately 21 shillings or one pound and one shilling. By the late 18th century, its value had risen to around 26 shillings or one pound and six … Read more
Insurance coverage for surrogate pregnancies typically depends on factors like the specific policy and coverage terms, as well as state and federal laws. Some insurance plans may consider the surrogate as the primary insured, while others may require the intended parents to maintain coverage. It’s crucial to clarify the responsibilities and coverage under the plan, … Read more