Generally, interest is earned on debt instruments, rent on plant and assets, and dividend on equity instruments. Answer and Explanation: The correct answer is option c. Compounding The process of earning interest on the accumulated interest is known as '...
This penalty usually consists of some amount of interest earned on the CD. How big is the penalty for early CD withdrawal?The size of the penalty you have to pay will vary based on a few factors, including:The bank: Each bank sets its own early withdrawal penalties. Before you open a ...
"I know our board has the students' best interest in mind, but just like everything else, tuition does have to go up because we have to keep the lights on and keep paying our staff, too." The cost of tuition ultimately depends on each school and often is affected by factors such ...
If you or your spouse is granted use of a home as part of a divorce orseparation agreement, the spouse who doesn't live in the home can still count the days of use that the other spouse lives in that home. This can come into play if one spouse moves out of the house, but...
If you owe money, the sooner you file, the sooner you can reduce penalties and interest accruing on the unpaid balance. If a tax refund is owed to you, you must file a tax return within 3 years of the return due date to claim it, or you risk forfeiting it....
Still, every little bit helps when you're saving for retirement thanks tothe power of compound interest. Take Advantage of Your Spouse’s Retirement Plan Although being married won't allow you to create a 401k plan with your spouse's employer, you can still contribute to an IRA — even if...
Ways to Avoid a Retirement Hardship Withdrawal One of the best ways to avoid using hard-earned retirement plan money is to build an emergency savings account. Having an emergency fund can mitigate the impact of two types of financial loss: income shocks and spending shocks. Spending shocks are...
is whether interest earned on bank accounts should be added to the bank statement balance. In this article, we will explore the concept of bank reconciliation, the significance of this financial practice, the nature of interest earned on bank accounts, and whether it should be...
Do you operate a trade or business? If the answer is yes, you may want to learn about your potential 1099-MISC filing requirements. Watch this video to find out more about the requirements for issuing a 1099-MISC.
Before you cancel a credit card, it is wise to consider what will happen to any rewards you have earned, but not yet redeemed. Do you keep them indefinitely, is there a grace period to use them after you cancel a card or do you immediately forfeit all of your points? There's no sin...