For years, the federal work-study program has allowed students to earn money through part-time work. Students with financial need who file the Free Application for Federal Student Aid, known as the FAFSA, may be eligible for the program. Families who used work-study funds as a source...
There are three major groups of government funds. These groups are governmental, proprietary, and fiduciary. In the world of accounting, an account belonging in a fund often is due to the fact it doesn't actually fit in other designations. Under each of these three groups are types of gove...
To go into the types of government in Nigeria, we need to know the form of rule. Nigeria runs a federal system of government. In this system, there are three tiers of government often referred to as levels of government and three arms(branches) of government. In this system, the tiers ...
A U.S. savings bond is a common type ofgovernment bond, which is abondissued by a governmental body to raise funds from the public to fund its capital projects and other operations necessary to manage the economy. When the government sells bonds, it is in effect taking a loan from the ...
Nonprofits are normally organized around social causes or to serve the public good in ways that government agencies cannot. The mission statements of nonprofits are often tied to specific goals in areas like public welfare, public safety, religion, science, education, art, environmental protection or...
For most guarantees, the obligation is repaying funds that have been loaned to the debtor. The three main parties in a standard corporate guarantee are: The guarantor, who is the individual agreeing to perform the legal obligation by taking over the payments of the loan if the debtor is ...
Private nonoperating foundations:Thesedisbursefunds to other charitable organizations whose goals match their own. In this case, the IRS requires that the foundation disburse an amount "equal to the foundation’s minimum investment return with certain adjustments.”4While they can also operate programs...
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Alcoholis taxed very differently in each state. The federal government and some states charge flat fees depending on the percentage of alcohol in the wine, beer, or spirits (no matter what the price of the bottle), in addition to other taxes. ...
Whole lifecan be used as an income tool as well as an insurance instrument. It includes a death benefit and also a cash value component. As the value grows, you can access the money by taking a loan or withdrawing funds and you can end the policy by taking the cash value of the poli...