India cut import duties on gold and silver to 7.5% from 12.5%, but imposed a 2.5% cess – a separate tax – on the imports, Finance Minister Nirmala Sithara...

Student loans can go away after 10 years if you work full-time in the public service and qualify for the Public Service Loan Forgiveness Program. To quali...

Capital structure does not include short-term liabilities but financial structure includes short-term liabilities or current liabilities. Assets structure...

A closing statement, also called a HUD-1 statement or settlement sheet, is a form used in real estate transactions with an itemized list of all the costs ...

three years You are applying to buy back your military service time within three years of civilian service and therefore, no interest will be charged. For...

In financial accounting, pro forma refers to a report of the company’s earnings that excludes unusual or nonrecurring transactions. Excluded expenses coul...

Vested stock options If you have incentive stock options, you will generally be able to exercise your shares up to 90 days after your final day with your ...

Below par refers to a bond price that is currently below its face value. Below par bonds are said to be trading at a discount, and the price will be quote...

Two common types of accrued liabilities concern sales taxes and payroll taxes. These costs accrue—meaning the amounts accumulate over time—and then they a...

Answer: When spouses file separately, both must use the same method of claiming deductions. That is, either both parties must itemize, or both parties mus...