This calculation equals your gross pay for the pay period (or the amount you’ll be paid before deductions, such as taxes). How many pay periods are in a year? How does a biweekly pay period work? What are the four most common pay periods? How many weeks is a pay period? Pay ...
Through a dual mandate policy, the Fed's goal is to achieve price stability and maximum employment in the U.S. economy. In recent months, the actions of the U.S. Federal Reserve have played an increasingly important role in the gyrations of the U.S. economy and stock market. You...
Longer repayment periods: If you need more cash in your pocket right now, consolidating your federal student loans may help you extend the life of your loan. This longer repayment period will generally reduce the size of your monthly payments. ...
CDs offer a guaranteed interest rate that’s typically higher than a savings account, and you get the safety of Federal Deposit Insurance Corp. (FDIC) insurance, so you don’t have to worry about losing your money in the event of a bank failure. They’re not right for every situation, ...
Let’s start by adding up your expected tax withholding for the year. You can find the amount of federal income tax withheld on your paycheck stub. Ugh, we know. It’s been years since you’ve looked at your paystub, and you don’t even remember how to log in to your payroll syste...
This happens despite the fact that there are significant things that can occur in any given year that might influence how you fill out a W-4. We’d argue that reviewing Form W-4 annually is an excellent habit for just about anyone, even if it’s not a federal requirement. ...
Are you sick and tired of spending countless hours processing payroll? If you feel like there’s just not enough time in the day for your payroll responsibilities, you might need to do some reevaluating. Contrary to many business owners’ beliefs, payroll processing does not have to be time-...
Over the last few months, talks of the Federal Reserve raising interest rates have grabbed headlines. Thecentral bank raised ratesin March for the first time in over three years, and another hike was announced Wednesday. Each of these rate hikes means any debt with a variable interest...
the Federal Reserve began raising rates in March 2022.4On May 4, 2022, the Federal Reserve raised thefederal funds ratehalf of a percent to a target range between 0.75% and 1.0%.
the Federal Reserve slashed interest rates to near zero in an emergency move to support the economy. As the economy recovered and inflation surged, the Fed aggressively raised rates in 2022, pushing them to multi-decade highs