Category: Users’ questions

What is the average profit a dealer makes on a new car? Average profit per new or used car The National Automobile Dealers Association (NADA) reports that the average gross profit for a used car is $2,337. That same data set puts the average gross profit for new cars at $1,959. How do I find […]

What determines basis? Basis is generally the amount of your capital investment in property for tax purposes. The cost is the amount you pay for it in cash, debt obligations, and other property or services. Cost includes sales tax and other expenses connected with the purchase. Your basis in some assets isn’t determined by the […]

How do I get my title agent license in Texas? Here’s how to become a title agent in the Lone Star state. Get Your Foot in the Door. Acquire an Education. Get a Sponsored Title Agent Application. Get a Sponsored Escrow Officer’s Application, Too. Apply for the License. Keep Learning. Who pays for title in […]

What is restricted import? Import restrictions refer to various tariff and non-tariff barriers imposed by an importing nation to control the volume of goods coming into the country from other countries. Import restrictions are adopted to maintain the exchange rate of the country’s currency. What do you mean by free import and restricted import? (1) […]

When to report a foreclosure as a primary residence? Report the foreclosure on Schedule D and Form 8949 if the foreclosed property was your primary residence. You might qualify to exclude up to $500,000 of gain from taxation subject to certain rules: The home was your primary residence. You owned the home for at least […]

How do I check the status of my unemployment claim in KY? Dial the claims number, 1-877-369-5984, on a touch-tone phone. Select the second option in the main menu. Enter your Social Security number and PIN to log in to the system. Listen to the details of your claim, including your last payments and the […]