Unappropriated retained earnings are a company’s profits that have not been distributed to shareholders as dividends or reinvested in the business. Since these earnings remain within the company, they are not subject to personal income tax. They are only taxed when they are either distributed to shareholders or when the company liquidates and distributes its … Read more
Self-employed individuals and employers can defer the payment of their share of Social Security taxes for wages paid to employees from March 27 through December 31, 2020. The deferred taxes are required to be paid back by April 30, 2022, or in equal installments by December 31, 2021, and December 31, 2022. To be eligible, … Read more
Sure, here is a paragraph about whether government officials have to pay taxes, written in a clear and concise manner: In most democratic countries, government officials are required to pay taxes. This is because taxes are the primary way that governments fund their operations, and all citizens have a responsibility to contribute their fair share. … Read more
Radiation therapists are well-compensated professionals in the healthcare industry. Their salaries are often higher than those of other healthcare professionals, such as nurses and medical assistants. The median annual salary for radiation therapists is over $80,000, and the top 10% of earners make over $110,000. Radiation therapists also enjoy good job security, as the demand … Read more
Sure, here is a paragraph explanation about who is the CEO of PNB Housing Finance: PNB Housing Finance Limited is a housing finance company in India. It is a subsidiary of Punjab National Bank. As of 2023, the CEO of PNB Housing Finance is Neeraj Vyas. He has been associated with PNB Housing Finance since … Read more
In most cases, an employer cannot legally fire you for searching for a new job. Job searching is a protected activity under the National Labor Relations Act (NLRA). However, there are some exceptions to this rule. For example, an employer may be able to fire you if you are using company time or resources to … Read more
When you receive distributions from an S corporation, the amount you’ll owe in taxes depends on the nature of the distribution and your tax situation. Distributions of previously taxed earnings are generally tax-free, while distributions of earnings and profits are taxed as ordinary income. If the S corporation has accumulated earnings and profits, you may … Read more
In a graduated tax system, the tax rate increases as the taxable income increases. This means that individuals with higher incomes pay a larger percentage of their income in taxes compared to those with lower incomes. The primary goal of a graduated tax system is to ensure that the tax burden is distributed more equitably … Read more
BecomingOf course, you can turn your passion for gardening into a lucrative venture. One way is to start a gardening business, offering services such as landscape design, installation, and maintenance. Additionally, you can sell your own plants or produce, either through a physical store or online platforms. Consider creating gardening-related products like handmade planters or … Read more
Understanding the distinction between refundable and nonrefundable is crucial when making financial decisions. Refundable transactions allow you to get your money back if you change your mind or encounter an issue. In contrast, nonrefundable transactions permanently transfer funds from you to the recipient. When dealing with nonrefundable scenarios, it’s essential to carefully consider the purchase … Read more