How to Figure out If You Must Pay Estimated TaxWednesday, June 15, is a key date to remember. It is the due date for the second quarterly installment of your estimated individual income tax (including any self-employment tax) for 1994.Julian Block...
Step 3 Add the current sales tax rate to 100 to come up with a new percentage. For example, if the rate is 5.75 percent, the resulting figure would be 105.75 percent. Divide the percentage by 100 before making any further calculations. In this example, the result is 1.0575. We Recommend...
If a salesperson tries to show you only monthly payments, politely ask to see the purchase price and discuss adjustments to that figure. If the salesperson balks or outright refuses, it’s probably a sign to take your business somewhere else. Finally, pay attention to the out-the-door “OTD...
Let’s assume that about half of earnings are paid out in dividends, leaving 6% of equity capital available to finance future growth. If inflation is low — say, 2% — a large portion of that growth can be real growth in physical output. For under these conditions, 2% more will have to...
Understanding tax brackets and how your income is taxed is important. Read on to learn how they work.
If you usually get a tax refund, but would like to start putting more money in your pocket every month, we can help. Yes, you still have to fill out a W-4 form. But we've developed a quick and easy guide to assist you.
If you receive tax form 1099-NEC for services you provide to a client as an independent contractor and the annual payments you receive total $400 or more, you'll need to file your taxes a little differently than a taxpayer who only receives regular emplo
The major difference between these two terms lies in the measured value and their purpose. Still, both values are equally important. Without a figure for gross income, it becomes impossible to figure out the gross profit margin for a service business. But what changes when we add the word “...
I hope the strategies above will help you figure outhow to price your productsand bring your prices to a level that treats you fairly and rewards your creativity and efforts. Pricing your products fairly tells consumers that you have a quality product to offer, so start spreading the news. ...
You are likely to find this line item before the figures for Earnings Before Interest and Taxes (EBIT). When you subtract the interest expenses, you will arrive at the pre-tax income. How to Figure Out the Total Bond Interest Expense ...