Adjusted Gross Income

Hey mate good to see ya back again! How have ya been? Today im gonna be sharing some of Australia’s finest food and drink, what beliefs we have in Australia and some of our symbols. Well from my last video yous already know that beer is the finest drink in Australia, especially xxxx gold which are known as Milton mangoes. Most Australians drink beer every day so obviously, it is the most iconic drink. Also, down here we’ve got these really yummy cakes called lamingtons which is a sponge cake…

Accounting is an extensive recording of financial transactions relating to business. It is important to any business because it is the primary function that help measures a company's profit. Financial statements are prepared using the generally accepted accounting principles (GAAP). It is a detailed breakdown of a company's operations, financial state, and cash flows. In order to accomplish the mission of Durango Manufacturing Company being successful, you should refer to financial management…

financial ratios can help financial managers understand their financial situation, help bankers make lending decisions and investors make stock purchasing decisions. Financial ratios are obtained by analyzing financial statements consisting of an Income Statement, Balance Sheet and Cash Flow statement. To demonstrate the benefits of financial ratios, this paper will look into the health insurance industry. Gleaning from UnitedHealth Group’s 2015 first quarter financial statements, we will take…

Since the beginning of time men have proven to abuse their power if they are able to obtain it. Our Founding Fathers were aware of this, and did what they could to create a government to avoid what seems to be the inevitable. This government was designed to be limited in their power, and balanced throughout three branches. It was designed to be smaller in size, and procedures were put in place to hinder its growth. This complex masterpiece of our Founding Fathers has become the inspiration of my…

Married taxpayers often file a joint tax return than filing separately since joint filing provides several benefits including tax savings. This is true especially if one spouse earns more income than the other spouse. But when a tax return is jointly filed, both individuals are equally responsible for the payment of taxes. If one of you underpays your taxes, the IRS can come after both spouses to collect the entire tax dues. Under joint and several liability rules, joint tax return filers remain…

Identify and describe your current life stage I am in the middle adulthood “a period of building up : building a family, building a career, increasing earned income, and accumulating assets.” (Rachel Siegel and Carol Yacht, 2107, p. 12). I have two different sources of income: employment and investment. I currently work two jobs and as an investment i rent out a property that pays itself. Besides this property, my other two valuable assets will include a car and a savings account. At this…

The Trump Administration's "Tax Overhaul" As Viewed by Analysts President Donald Trump will reportedly be calling for a significant increase in the standard deduction people can claim on their tax returns when he presents the outline of the tax-overhaul pitch before the Congress. Two people, who were briefed on the Trump administration "tax overhaul", said Trump's proposal will see thousands of dollars put into the pockets of American workers. Trump has flagged cutting tax rates for small…

Where is Business Credit Reported? Written by Janet Gershen-Siegel As a small business owner, you've got a million things to do each day, even before you get up in the morning. Evaluating your business credit scores seems like it would be the last thing on your mind, behind everything from making shipments to handling payroll to hiring new workers. But you should not just let your business credit scores slide. By keeping on top of your business credit scores, you can get better credit terms or…

Yesterday, the New York Times reported Donald Trump may have paid no federal income tax for nearly two decades. Leaked excerpts of Trump’s 1995 tax returns showed huge losses that the real estate mogul could have used to offset other income and zero out his income tax liability for many years. Donald Trump may have paid no federal income tax for nearly two decades. The Times published one page from each of Trump’s 1995 New York, New Jersey and Connecticut personal tax returns in which Trump…

financial analyst for a software company and is also a new owner of a small real estate business named Hemlock Homes. For this assignment, I got insight as to how he uses accounting information as a small business owner. In his daily job, Mr. Watson uses income statements, balance sheets, and cash flow reports in order to evaluate the progress of his company. When looking at these financial statements, he is able to regulate factors concerning the finances of his company. Financial statements…