Who Decides to Print Money in the U.S.?
The U.S. Federal Reserve controls the money supply in the United States, and while it doesn't actually print currency bills…
Business News
IRS Publication 525 Definition
What Is IRS Publication 525? Publication 525, Taxable and Nontaxable Income, is a document published by the Internal Revenue Service…
Tax Indexing Definition
What Is Tax Indexing? Tax indexing is the adjustment of the various rates of taxation in response to inflation and…
Cross-Collateral Loan: How Does It Work?
Imagine a scenario in which you are ready to sell your car, which you now own free and clear, only…
Meaning and How They work
What Is a Solvency Capital Requirement (SCR)? A solvency capital requirement (SCR) is the total amount of funds that insurance and…
P45 Form Definition
What Is a P45 Form? P45 is the reference code of a tax form titled "Details of employee leaving work" that an employer…
Scheduled Personal Property Definition
What Is Scheduled Personal Property? Scheduled personal property is a supplemental insurance policy that extends coverage beyond the standard protection provided in…
Gross Profit Margin vs. Net Profit Margin Formula
What Is the Difference Between Gross Profit Margin and Net Profit Margin? Profit margin is a percentage measurement of profit…
Income Smoothing Definition
What Is Income Smoothing? Income smoothing uses accounting techniques to level out fluctuations in net income from one period to…
Exceptional Item Definition
What Is an Exceptional Item? An exceptional item is a charge incurred by a company that must be noted separately…