Net income

Most times, we have goals that need achievement with the little income we earn. Therefore, it is important for one to plan in order to ensure all they are able to manage their finances and at the same time manage to achieve their financial goals(Siegel, & Yacht, 2009). The management of finances is important for all persons irrespective of the amount of cash flow a person has thus it should be taken seriously by all members of the society(Siegel, & Yacht, 2009). In this paper, we are going to…

getting to know your family and recognizing problems before they start. An argument against the notion of staying home, to take care of a child, is it will take away from retirement funds and I will lose my “me time”. With both parents working the income can be spent for child care, learning, nutrition, health care and spending leisure time with the child…

Income inequality is an interesting topic because it is essentially a two part argument. The first part of the argument centers on its very existence; it is similar to the discussion on climate change in that one side acknowledges that is a very real problem that need to be fixed, while the opposing side either denies that it is real, or believes the current system is okay as it is. Assuming that the overwhelming evidence declaring that the United States has the highest level of economic…

The Relation of Work, Wealth, and Interdependence Everyone knows that the harder one works the wealthier they will be. The logic makes sense, people who are lazy and do little work won’t do their job, and therefore won’t become wealthy. When a person works hard it makes sense that they will earn a lot of money. This means that work and wealth are directly related, as one increases so does the other. Even though it is commonly believed that wealth is acquired by hard work there are some people…

benefits and operating expenses of the program. If there is expenses or increments not needed they are automatically invested in interest-bearing securities. These interest-bearing securities are guaranteed by the U.S. Government. The income from trusts fund income includes all amounts that…

The idea of a Universal Basic Income, however, had started long before, originating during the Renaissance Era, 1516, in Thomas More’s “Utopia” [7]. Throughout the centuries many famous intellectuals like Thomas Paine and John Stuart Mill examined and expanded upon the idea. Modern day, we see the idea of a Universal Basic Income being endorsed by men like Elon Musk, the CEO of Tesla and Space-X. The purpose of the Basic Income was to tackle poverty. Modern day, it is now becoming…

One reason is that a corporation maintains a capital stock account, additional paid-in capital accounts, and a retained earnings account. “Net income or loss becomes part of retained earnings, and dividends are always paid equally to all shareholders of a particular class of stock” (Bline, Fischer, & Skekel, 2004, Chapter 7). Corporations are also able to reacquire some of its own equity interest in the form of treasury stock. Other advantages of establishing a subsidiary as a corporation are…

1. What is an operating segment? An operating segment is a management-approach-based segment. According to GAAP, an operating segment is a component of an enterprise that engages in business activities from which it may earn revenues and incur expenses, including intersegment revenues and expenses; whose operating results are regularly reviewed by the enterprise’s CODM; and for which discrete financial information is available (textbook p. 490). 2. What is a reportable segment according to…

B.E.P. is that particular level of action which comes when volume of offers income meets downright cost. In this manner, the Break Point Analysis builds up the relationship among the expense of generation, volume of creation and the benefit. The B.E.P. might along these lines be taken as the one demonstrating…

Wendt Corporation had $10.5 million of taxable income.a. What is the company¶s federal income tax bill for the year?b. Assume the firm receives an additional $1 million of interest income from…