The life of a gay porn star seems luxurious, glamorous, and oh-so-rich. But how much do they actually make? Back in 2015, when we first penned this article, the top-tier gay porn stars could cash in a cool $5,000 per scene if their name carried some weight. However, the reality...
Join the 100K+ small businesses using Homebase for time clocks, schedules, payroll, and HR. Get started for free If you’re a small business owner paying yourself through dividends, you’ve probably wondered how much is dividend tax impacting your finances. Since dividends come from your busin...
The maximum out-of-pocket is there to protect the consumer, making sure that what the insurance provider is asking them to pay is not too much. Usually, if the premium is high, the out-of-pocket limit is low. What Is Coinsurance? Now that we’ve covered the other major features in a...
For now, let’s just calculate how much insurance you need. $3,500 a month is equivalent to $42,000 a year. You need enough term insurance so that if you were to pass away, you could invest the proceeds and earn $42,000 after tax. How do you calculate that? Glad you asked. You...
What does that mean when it comes time to file your own taxes? No matter how much you earn, you must report that income as a self-employed individual. And if you also have a full-time job on top of your side gig, both forms of income need to be reported on your tax return, ...
This more accurately reflects each employee’s contribution to your business and is much less likely to cause resentment than simply dividing $5,000 by five. Calculating non-discretionary bonuses isn’t the same as calculating discretionary bonuses. You need to use other formulas. For one-off non...
Do you want to know how much does it cost to go to Japan? Find out what your budget should be and tips to help you save.
More flexibility: Using this method, you have more control over how much cash you want to draw at any given time. This allows you to pay yourself based on your business performance. Cons of paying yourself with owner’s draw: No upfront tax deduction: Taxes are not automatically paid every...
How Much Is Capital Gains Tax in Real Estate? If you own an asset for less than a year, you’ll owe short-term capital gains tax on it. The IRS taxes these short-term profits at the regular income tax bracket rates. For example, if you pay taxes at the 24% tax bracket, you’ll...
With a Roth IRA, however much money you invest is post-tax, and you never owe any other taxes, even when you withdraw it. Finally, even if you have a 401k, most people also recommend you open a Roth IRA. Retirement accounts are critical, with the majority offering tax advantages that ...