general
Does a whole life policy have a cash value?
Not every type of life insurance has a cash value component. For example, term life insurance does not have cash value. Whole life and universal life are ...
Mar 29, 2026 1 views
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General
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general
Can a 15 year old have a mutual fund?
A parent or guardian opens a custodial account for you and then “gifts” funds into it. For 2020, up to $15,000 can be gifted into a custodial account. Onc...
Mar 29, 2026 1 views
general
Can someone else pay my monthly mortgage?
Making a direct contribution to someone else’s mortgage is the easiest way to pay the mortgage of a third party. Whoever pays the mortgage receives the ta...
Mar 29, 2026 1 views
general
When did South Carolina stop common law marriage?
JULY 24, 2019 IMPORTANT UPDATE – COMMON LAW MARRIAGE ABOLISHED IN SOUTH CAROLINA AS OF JULY 24, 2019. In a recent case involving common law marriage in So...
Mar 29, 2026 1 views
general
What are the types of ordinary income?
Ordinary income means income that is not maintenance income or an exempt lump sum. The definition of this term is in SSAct section 8(1)….Definition employ...
Mar 29, 2026 1 views
general
Does the IRS still use form 1040A?
Form 1040A is used by U.S. taxpayers to file an annual income tax return. For Tax year 2018 and later, you will no longer use Form 1040-A, but instead use...
Mar 29, 2026 1 views
general
How would you calculate the number of times your inventory has turned over or sold during the year?
You can calculate the inventory turnover ratio by dividing the inventory days ratio by 365 and flipping the ratio. In this example, inventory turnover rat...
Mar 29, 2026 1 views
general
How does Florida divorce work?
Florida is a no-fault state when it comes to divorce. This means that you don’t have to give any reason to the court for why you want to end your marriage...
Mar 29, 2026 1 views
general
When a partner leaves the company the partnership is dissolved?
When a partner leaves, the partnership dissolves and the partners equally split debts and assets. Are limited partners jointly and severally liable? Expos...
Mar 29, 2026 1 views
general
What is abandonment finance?
Abandonment is the act of surrendering a claim to, or interest in, a particular asset. In securities markets, abandonment is the permitted withdrawal from...
Mar 29, 2026 1 views
general
Is leather repair a good business?
Starting a car leather repair business requires low startup capital, but it is indeed a very lucrative and profitable venture if it is well positioned and...
Mar 29, 2026 1 views
general
Why are my HSA contributions listed as employer contributions?
Generally, contributions made by an employer to the health savings account (HSA) of an eligible employee are excludable from an employee’s income and are ...
Mar 29, 2026 1 views
