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Tip of the Day Buy A Used Car

Buy A Used Car - Next to a home, the most expensive purchase you are likely to make is a car. When looking to buy a car it is...

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Withholding

Definition: The amount withheld from a paycheck or investment account in order to pay a tax liability.

Advice: Federal and social security taxes are withheld from paychecks and placed into tax and loan accounts with banks.  This money is then paid to the government as part of your tax liability.  If you have a particularly large tax liability, you may be required to withhold a greater portion of your paycheck in order to ensure that your tax liability is met.

 

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Definition of the Day Income Trust

Income Trust - It is a type of investment trust, which may have holds in the income-producing assets or replacing it in investment. The income that is produced may be passed on to investors or corporations or the unit holder. Example are of the income trusts are the real estate...

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