the central bank is the Federal Reserve, commonly known as 'the Fed'. Their role of the central bank is similar from country to country, but the objectives may differ. In the US, the central bank has three primary goals: • Conduct monetary policy • Supervise and regulate financial fir...
Like individuals, governments must allocate their resources to different sectors of the economy. Public finance is how federal, state, and local institutions trackrevenueand manage expenses for all the services they provide to the public. Some of a government’s most essential functions include collec...
Organizations must satisfy a number of criteria to earn nonprofit status. But once established, nonprofits are exempt from paying federal income taxes and eligible to seek grants and other donations. Well-known nonprofits include the Sierra Club and Habitat for Humanity. Likewise, local cultural insti...
The S corp pays federal corporate taxes only if it has passive income (income from sources beyond business activities the company actively participates in, such as investment in a C corp) in excess of 25% of gross receipts. S corps differ from other pass-through entities like general ...
community based participatory researchThis article presents early findings in a 2-year mixed-methods study examining whether the source (federal/state/local) or type (restricted/flexible) of fundingMangold , Susan VivianCerulli, CatherineKapcar, GregoryAllen, Crystal WardKaukeinen, Kim...
Types of Bonds Corporate Bonds. Public and private companies issue corporate bonds to support various financial objectives such as daily operations, production expansion, research funding, or acquisitions. These bonds are subject to both state and federal income tax regulations. For instance, an example...
Conventional loans, the most popular type of mortgage, come in two flavors: conforming and non-conforming. Conforming loans:A conforming loan “conforms” to a set of Federal Housing Finance Agency (FHFA) standards, including guidelines around credit, debt and loan size. When a conventional loan...
Whilefederal income taxis a constant across the U.S., state and local income taxes can vary dramatically. Some states have no state income tax, while others do. The existence or absence of state income tax can influence decisions, from business locations to personal residences. When combined wi...
The federal and state governments help prevent market failure by overseeing the allocation of resources, the distribution of income, and economic stability. Regular funding is secured mostly throughtaxation. Borrowing from banks, insurance companies, and other nations also helps finance government spending...
because they are insured by the federal government via two agencies: the Federal Deposit Insurance Corp. (FDIC) and theNational Credit Union Administration (NCUA). This insurance covers your principal and any interest you’re owed through the date of your bank’s default, ...