Category: Other

How many quarters of coverage is required for Social Security to be fully insured? six quarters In order to be fully insured for Social Security Disability purposes, you must have earned at least one quarter of coverage per year for each year since you turned 21 years old. A minimum of six quarters of coverage […]

Is using a tax haven legal? It is not illegal. Shell companies are only illegal if used for illegal purposes, like hiding assets and avoiding tax obligations. Are tax havens legal UK? Is the Use of a Tax Haven Ever Legal? Despite the potential for criminal use of bank accounts in so-called “tax havens”, it […]

Is Marble Arch London made of marble? Marble Arch is a monument designed by John Nash located near Speaker’s Corner. It is made of carrara marble. Why was Marble Arch moved from Buckingham Palace? The reconstruction was completed in March 1851. A popular story says that the arch was moved because it was too narrow […]

What is the cost of completed units? Costs of units started and completed: you will take the equivalent units calculated for units started and completed x the cost per equivalent unit for materials, labor and overhead (or conversion). The sum of these 3 will be the cost of units completed and transferred which is also […]

Do you have to claim a bonus as income? While bonuses are subject to income taxes, they don’t simply get added to your income and taxed at your top marginal tax rate. Instead, your bonus counts as supplemental income and is subject to federal withholding at a 22% flat rate. Are bank bonuses taxable? The […]

What is a 200% return on investment? The most commonly used ROI formula is net profits divided by the total cost of the investment. Because ROI is most often expressed as a percentage, the quotient should be converted to a percentage by multiplying it by 100. So this particular investment’s ROI is 2 multiplied by […]