What Is Income Elasticity?
In economics, the economic value of income elasticity is the responsiveness of a certain amount demanded for a good to an increase in ..
Opinion
Opinion
How to Calculate Total Assets
There are so many people who ask the question, how to calculate total assets for tax purposes, or even for other business purposes suc..
Opinion
How Is Average Income Calculated?
The US average income has been steadily increasing every year since 2020. In recent years, however, the increase has not been as stron..
Opinion
Understanding the National Production and Income Analysis
The statistical process of calculating national income is often compared to that of a census. A variety of methods of national product..
Opinion
Financial Ratios
A Financial Ratio or financial accounting ratio is a comparative ratio based on two selected values taken from the financial statement..
Opinion
What is Your Tax Year?
How do you figure out your adjusted gross income? You get this from the IRS and it will be what you need to figure out your taxes, too..
Opinion
Low Income Senior Housing For Seniors
Low income senior housing has become increasingly popular over the past decade. The main reason for this is the fact that the populati..
Opinion
What Is Tax Year Income and the Annual Gross Income For Tax Purposes?
Annual gross income, also referred to as pre-tax gross income, is the total income of an individual earns before taxes, after deductio..
Opinion
Is Disability Income Taxable?
The Tax Court of Appeals held that “disability income” is not subject to the tax on Social Security benefits. “Disab..
Opinion
What is an Asset?
In the world of financial accounting, what exactly is an asset? It is a tangible or intangible asset that is not depreciated over time..
Opinion