Professional dancers can earn a comfortable living, depending on their skill level, experience, and where they work. Dancers in big cities and on Broadway tend to make more money than those in smaller towns and regional theaters. Dancers who are also choreographers or teachers can supplement their income with additional work. However, it is important … Read more
When a stock is delisted, it means that it is no longer traded on a stock exchange. This can happen for various reasons, such as the company going bankrupt or failing to meet the exchange’s listing requirements. If you own shares in a delisted stock, you will generally still own those shares, but you will … Read more
Eligibility for Minors The third stimulus check package includes provisions for dependents, including minors. Whether a minor qualifies for a payment depends on the following factors: Age Relationship to the taxpayer Tax filing status Generally, minors under the age of 17 who meet the other eligibility requirements will receive a payment of $1,400. Relationship to … Read more
Moneyed interests refer to individuals or groups with substantial financial power and resources. They may include wealthy corporations, political organizations, trade unions, and wealthy individuals. These entities often have the ability to exert influence over economic and political decision-makers through campaign contributions, lobbying efforts, or other forms of financial support. Moneyed interests can shape policies … Read more
Muskegon, Michigan does not have a city income tax. However, the city does collect a 6% sales tax on most goods and services purchased within city limits. This tax is used to fund various city services, such as police and fire protection, road maintenance, and parks and recreation programs. City Tax Presence in Muskegon Muskegon, … Read more
Corporate tax is a type of tax imposed on the income or profits of corporations. It is distinct from personal income tax, which is levied on the income of individuals. Corporations are legal entities that are separate from their owners, and they are responsible for paying taxes on their own income. The amount of corporate … Read more
Opting out of a pension can impact your tax liability. By contributing to a pension, a portion of your income is deducted before tax, reducing your taxable income. When you opt out, this deduction is no longer available, resulting in a higher taxable income. Consequently, you may end up paying more income tax. It’s important … Read more
The Electric Vehicle Market Outlook The electric vehicle (EV) market is poised for significant growth in the coming years due to several factors, including: Increasing environmental awareness Government incentives and regulations Advances in battery technology Falling costs of EVs According to the International Energy Agency (IEA), global EV sales are projected to reach 145 million … Read more
Churning refers to a practice where an insurance agent cancels and rewrites a policy multiple times, often with the intent of generating additional commissions or meeting sales targets. This can be harmful to both the insurer and the policyholder. It wastes resources, can lead to higher premiums for all policyholders, and can disrupt the policyholder’s … Read more
When parents are not living together, determining who can claim a child on their tax return can be complicated. In general, the parent who has custody of the child for more than half the year can claim the child as a dependent. However, there are exceptions to this rule. For example, if the noncustodial parent … Read more