Near money consists of financial instruments that can be easily converted into cash. They are highly liquid, meaning they can be accessed quickly without losing significant value. Examples of near money include money market accounts, short-term certificates of deposit, and commercial paper. These instruments offer a higher rate of return compared to traditional savings accounts … Read more
A double taxation treaty (DTT) is an agreement between two countries designed to prevent their residents from being taxed on the same income in both countries. DTTs typically specify which country has the primary taxing rights over different types of income, such as business profits, dividends, and interest payments. They also often include provisions to … Read more
The financial compensation of a weather forecaster, often known as a weatherman, varies based on several factors. Entry-level forecasters with little experience can expect to earn an average salary of around $50,000 annually. As forecasters gain experience and take on more responsibilities, their salaries tend to increase. Meteorologists with advanced degrees, specialized skills, and years … Read more
Woodstock ’99 was a financial disaster. The festival was expected to generate $100 million in revenue, but it actually lost $18 million. The main reasons for the loss were: – High production costs: The festival was plagued by problems from the start, including delays in construction and a lack of adequate security. These problems led … Read more
Self-employed individuals make National Insurance contributions differently than employees. You’ll usually pay National Insurance once a year through Self Assessment. The deadline for Self Assessment is 31st January each year. You can choose to pay your bill all at once or in monthly instalments. If you earn over a certain amount, you’ll need to make … Read more
Working as an esthetician can be a rewarding profession financially. The average annual salary for an esthetician in the United States is around $50,000, with top earners making well over six figures. Factors that can influence your earning potential include location, experience, and clientele. Estheticians who work in high-end spas or salons typically earn more … Read more
Deciding between leasing and financing a car hinges on individual circumstances and long-term goals. Leasing offers lower monthly payments, as you’re essentially renting the car for a set period, allowing you to drive a newer vehicle without the burden of ownership costs. However, at the end of the lease term, the car must be returned, … Read more
Insurance policies are considered aleatory because they involve a significant degree of uncertainty regarding the occurrence of the insured event. This uncertainty arises from the unpredictable nature of future events, such as accidents, illnesses, or property damage. In essence, an insurance policy represents a contract between the policyholder and the insurance company, in which the … Read more
Is Idbi Job Permanent? The answer is yes, the majority of Idbi jobs are permanent. Once you are selected through the Idbi recruitment process, you will be offered a permanent position. This means that you will have job security and will be entitled to various benefits, such as health insurance, retirement benefits, and paid time … Read more
Leave encashment, which involves receiving a lump sum payment for unused leave days, can be partially tax-free. In India, employees can avail up to 100% tax exemption on leave encashment if it’s within the specified limit. This limit varies depending on the employee’s grade pay and is revised periodically by the Income Tax Department. Any … Read more