Blog

Calculate the present value needed to meet their educationl goal.

While equities have historically outperformed other asset classes, they have not done so after considering inflation and taxes.

The three types of income in the U.S. income tax system are ordinary income, portfolio income and capital income.

Based on your answers from the two previous questions, what should Jack and Jill do?

Isaac is a middle school teacher with gross income this year of $35,000. Based on the following, what is Isaac’s adjusted gross income?$4,000 qualified education interest expense.$2,000 alimony received (divorced prior to 2019).$1,000 contribution to a traditional IRA.$750 in educator expenses.

Which of the following statements is / are correct?I.For an income tax itemizer, medical expenses are fully deductible if prescribed by a doctor.II.For an income tax itemizer, the cost of a professional to prepare the federal income tax return is fully deductible.

A savings rate of 5% of income should be sufficient for most people planning on retirement, especially considering the average savings rate is significantly less.

To avoid income shifting, the principle of the fruit and the tree requires that income is taxed to either the person who earns it or the person who owns the asset that produced the income.

Name one use for DE or Diatomaceous Earth.

Which type of evolution does the photo found below represent?