Most customers expect to pay a premium for higher-quality products. If a lower price point is your competitive advantage against other wholesalers, keep that in mind while researching. Be cognizant of your break-even point. Use the break-even point formula to calculate this number. 2. ...
Fannie Mae's HomeReady and Freddie Mac's Home Possible mortgage programs for low-income borrowers allow an LTV ratio of 97% (3% down payment) but require mortgage insurance (PMI) until the ratio falls to 80%. How to Calculate the Loan-to-Value Ratio ...
How to Avoid Social Security Scams Keep your money and personal information safe from imposters. The bottom line The Social Security benefits formula might seem complicated, but it's not too difficult once you break it down. You may not be able to precisely calculate your benefit if you're ...
Your age:While you can’t do anything about how old you are, even thebest life insurance companiesuse your age to calculate your rate. Simply put, life insurance rates are based on the risk of a company paying your death benefit. The older you are, the more likely you are to pass awa...
Three Methods to Calculate Your Coverage Here are three formulas, from simplest to most complex, for calculating coverage needs when getting life insurance for parents: 1. Multiply Your Income By 10 or 15 A common method for calculating coverage is to multiply your income by 10 or 15....
Enterprise value is a useful measurement of a company's theoretical purchase price. Learn about enterprise value, the formula, how to calculate it, and why it's important to understand.
The amount of time remaining on an option impacts its premium or value. Intrinsic value is the portion of an option's price that's not lost or impacted due to the passage of time. The Formula and Calculation of Intrinsic Value The equations to calculate the intrinsic value of a call ...
How to calculate EI premiums What to do when you’ve made a CPP or EI mistake. Eek! I over-deducted EI or CPP from an employee’s pay cheque. Now what? If at some point during the year, you realize that you’ve mistakenlyover-deducted CPP or over-deducted EIfrom an employee’s pa...
Using the formula to calculate net pay, determine the employee’s net pay. Net Pay = Gross Pay – Deductions Here’s a rundown of the withholding amounts we calculated: Gross Pay = $800 Health Insurance Premium = $50 FICA Tax = $57.38 Federal Income Tax = $51 State Income Tax = $...
How to calculate net pay The net pay formula subtracts an employee’s paycheck deductions from their gross pay. The net pay formula is: Gross pay - deductions = Net pay Post-tax deductions, such as voluntary deductions for additional life insurance or student loan payments, do not reduce ...