Personal Finance Questions and Answers

Personal Finance

What this quote means is that people who are not able to keep their spending under control will end up having tremendous financial problems that will in effect control their lives. To control your...

Latest answer posted June 26, 2012 7:40 pm UTC

1 educator answer

Personal Finance

I assume the couple are filing their tax returns jointly. According to IRS regulations tor taxes to be paid on the income earned in 2010, social security benefits are taxable if the total of half...

Latest answer posted April 22, 2011 3:25 pm UTC

1 educator answer

Personal Finance

I have a bit of a different view from most Americans on this matter. Retirement as a concept is a relatively recent phenomenon; it was created by the government to encourage investment, and to help...

Latest answer posted October 18, 2012 9:28 pm UTC

7 educator answers

Personal Finance

Common stocks are good vehicles for long-term investing because they have very long appreciation times and maturity dates. For many investors, the investment plan is essentially to “park” your...

Latest answer posted July 17, 2019 10:56 am UTC

2 educator answers

Personal Finance

In the absence of a multiple support agreement, no one can claim Roberta as a dependent. A person can only be claimed as your dependent if they are A) your qualifying child or B) your qualifying...

Latest answer posted April 12, 2011 6:07 am UTC

1 educator answer

Personal Finance

I think that the answer you are looking for is $250,000. Of course, this does not mean that you get $100,000 back if your bank goes broke and you only had $250,000 in your account. What it means...

Latest answer posted May 4, 2011 7:00 am UTC

1 educator answer

Personal Finance

A bull call spread allows you act on your forecast of a rising stock share price for a given stock while simultaneously hedging (protecting) your potential loss in case your forecast is incorrect....

Latest answer posted May 6, 2015 10:59 pm UTC

1 educator answer

Personal Finance

The social security benefits for a person who is single are taxable if the total amount consisting of half the social security benefits, all other benefits, any tax exempt income and other...

Latest answer posted April 22, 2011 11:22 pm UTC

1 educator answer

Personal Finance

Yes, voluntary savings are financial assets that are put aside for future use. However, we must note that not all assets that we put away for future use are voluntary savings. The term "voluntary...

Latest answer posted July 9, 2012 10:38 pm UTC

1 educator answer

Personal Finance

Surely not all workers who were paid on a weekly basis would have trouble adjusting to being paid less often. However, it is likely that many would have problems. The problems would come about...

Latest answer posted January 29, 2013 8:15 pm UTC

1 educator answer

Personal Finance

To determine the amount of social security benefits that are taxable, the following needs to be done. Add half of the social security benefits received during the year with any other income. The...

Latest answer posted April 22, 2011 3:03 pm UTC

1 educator answer

Personal Finance

The Mendozas have two plans to select from for the $300,000 they want to borrow. The formula for calculating the monthly payment is: [(p*r)(1+r)^n]/[(1+r)^n - 1], where p = amount borrowed, r =...

Latest answer posted June 11, 2011 1:18 pm UTC

1 educator answer

Personal Finance

An organization which is recognized by the IRS as one that can receive charitable contributions can raise funds by many means which include selling merchandise or tickets for an event. The...

Latest answer posted May 1, 2011 11:23 pm UTC

1 educator answer

Personal Finance

I particularly agree with the strategies listed in Post #9, and I adhere to most of them myself. A simple strategy for saving money is to ALWAYS put a specific amount aside from each paycheck (or...

Latest answer posted November 26, 2012 6:09 pm UTC

9 educator answers

Personal Finance

The guidelines of the IRS for deductions in income for alimony payment specify that payment made to the ex-spouse under a divorce or separation instrument only is considered as alimony. Voluntary...

Latest answer posted April 28, 2011 1:28 am UTC

1 educator answer

Personal Finance

The 2008 divorce decree requires Roger to make a payment of $600 as alimony, $300 per month for 12 years as child support and he also voluntarily makes a payment of $100 per month. According to the...

Latest answer posted April 27, 2011 11:14 pm UTC

1 educator answer

Personal Finance

Alimony refers to a payment that a court of law determines which has to be made to the former spouse after a divorce or formal separation. The amount that is paid out as alimony is deductible from...

Latest answer posted April 27, 2011 11:01 pm UTC

1 educator answer

Personal Finance

Yes, all of these factors do affect the degree to which a person saves or does not save. A rich person will generally be able to save more of their income than a poor or even a middle class...

Latest answer posted July 9, 2012 10:19 pm UTC

1 educator answer