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Tip of the Day

Tip of the Day Get a Professional Certificate

Get a Professional Certificate - When you decide which profession you wish to enter, you should check first to see if your chosen field offers a certificate. If it does...

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Tax Deduction

Definition: Allowably tax deductions reduce the tax liability for an individual or business.

Advice: Here's an example of how a tax deduction works:

Sally is a teacher who made $45,000 last year.  She incurred $250 in expenses to stock her classroom and this is an allowable deduction.  When deducted from her income, her new taxable income is $44,750.  Deducting this $250 saved her $62.50 in taxes ($250 * 25%).

 

 

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Definition of the Day Black Tuesday

Black Tuesday - Black Tuesday took place on October 29 in the year 1929 and was probably the most famous stock market crash ever to be remembered in stock market history. On this day, the stock market's stocks lost 13 percent of their value and...

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