Your marginal tax rate is the highest income tax rate you’ll pay, but not all of your income is taxed at the same rate.
How is the dispute rate calculated and how do I avoid being charged a dispute fee? The dispute rate for a seller is determined when the dispute is created. It’s based on the ratio of the total transaction amount of all Item Not Received and Significantly Not as...
When reading your paycheck, you’ll notice several different types of taxes taken out of your gross earnings. Federal income tax withholding (FITW) is the amount of tax that is taken out of each check as an estimate of the total you’ll owe on April 15. The estimate is calculated using...
Tax penalties can be daunting, but they don't need to be confusing. Here's how you can minimize or avoid the most common penalties imposed by the IRS.
profit margin is the metric we use to assess a company's financial health by figuring out sales revenue after subtracting the cost of goods sold (COGS). Subtracting COGS means taking away all the expenses that were incurred during the service rendering. So, sales profit is calculated as ...
For more on fixed versus adjustable-rate mortgages (ARMs), read this overview. Pay attention to which part of your mortgage payment is principal and interest (P&I), and which part is going to escrow. If you don’t have an escrow account, you will pay your homeowner’s insurance premiums...
Once you understand your annual income, you can better manage your day-to-day spending and longer-term financial planning. Here are a few examples of how your annual income calculation can impact your finances. Effective Budgeting Knowing your net annual income is necessary for effective budgeting...
Understand the base erosion and anti-abuse tax (BEAT) regulations, including who is subject to the tax and the BEAT tax rate schedule.
The effective tax rate typically applies to federal income taxes and doesn’t take into account state and local income taxes, sales taxes, property taxes, or other types of taxes that an individual might pay. The effective tax rate calculation is a useful metric for benchmarking the ef...
The effective tax rate is the percent of income or pre-tax profits that an individual or a corporation pays in taxes.