Do I have to update my W-4 every year? No. You do not have to fill out a new W-4 form every year if you already have one on file with your employer. However, it's a good idea to check on your tax withholding at least ...
Being salaried does not automatically mean an employee is exempt; the FLSA requires a duties test and salary basis test. The minimum salary threshold for exemption under the FLSA is currently $684/week ($35,568/year). Exempt employees do not receive overtime pay and typically perform executive...
What Free College Could Mean for You More When Kenyatta Lovett's father wanted to attend college, he took a job laying bricks to pay for school. But relying on just a summer or part-time job to pay for college today is next to impossible, says Lovett, executive director of Complete Tenn...
What Does Net Price Mean? More By a federal mandate, every college and university now has an online net price calculator, which you can use to estimate how much you will need to pay for college. But for the tools to be useful to parents and students, it's crucial to be aware of wh...
If you have an employer, you may be claiming too many exemptions on your W-4 form. You fill out this form when you get hired, and it helps determine how much of your paycheck will go to federal taxes. You may need to update your W-4; this means you'll have less money ...
What does it mean if a bond is "callable"? What do you mean by corporate restructures? What is the meaning of adverse selection? What is meant by fiscal policy? Define the following: Deferred income. Define the terms balking and reneging. How could a firm minimize them?
too. This topic makes for easy headlines, so many of your clients are bombarded with information that does not answer the question of what they should do in their specific situation. They are left wondering what action is right for them and whether anyone is looking out for them on...
Geis signed a petition urging Biden to cancel such debt on day one of his presidency. "I could earn a good living if I didn't have these loans hanging over me," he says. "That'd mean being able to be a first-time home owner, to contribute more to my loca...
Alternative Minimum Tax and Exemptions Thealternative minimum tax (AMT)is an alternative method for determining tax liability. AMT adds back specific tax-exempt items into the personal tax calculation. For example, interest from private activity bonds exempt from regular tax is added to the AMT tax...
A full-time student is a legal tax status for determining exemptions. Generally, full-time is considered being enrolled in at least 12 credit hours in a post-secondary institution; however, each institution defines full-time independently.