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Tip of the Day

Tip of the Day Get a Better Cell Phone Plan

Get a Better Cell Phone Plan - Cell phones are so popular today you can customize your plan to suit your needs and if you have not updated your cell...

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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 Quote Size

Quote Size - Quote size are the number of shares being offered on the market for sale or, buying at a given bid price. There is no set price for a share of stock as this is stock that is up for auction and, bid. We are not just discussing...

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