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What is the difference of simple interest and simple discount?
Simple interest refers to interest that is only paid on principal. Simple discount refers to the amount that is deducted from the amount of the loan.
How To calculate the interest to be deducted from the loan of 20000 which is to be paid within 2years at the rate of 10?
If the rate is 10% interest on a $20,000 loan for two years, interest will be $4,428.06 if compounded continuously. If compounded annually, it would be $4,200.
What is uncapitalised interest?
It is interest that is paid separately. For an investor, it is paid out to the investor and not rolled into the investment.
What is the fundamental difference between simple and compound interests?
Simple interest:Every time interest is paid, it's paid on the amount you originally put in.Compound interest:Every time interest is paid, it's paid on the amount you had after the last time interest was paid.So, part of the interest that's paid today is interest on all the interest that's ever been paid, ontop of the amount you originally put in.
What does interest paid mean?
Interest Paid may appear on account sheets and bank statements, etc, and is the amount of interest paid (usually by a bank) on savings in a deposit (and some other) accounts. For instance, the interest paid may be a gross figure, any tax taken out will leave a net amount.
What is Tax deducted at sources?
Maybe to make sure it is paid? It refers to any tax that was collected at source...like payroll withholding or tax deducted from an interest payment.
What is the difference of simple interest and simple discount?
Simple interest refers to interest that is only paid on principal. Simple discount refers to the amount that is deducted from the amount of the loan.
Can you refinance your home loan even if its got a judgment?
The judgment must be paid from the proceeds of the refinance. That amount will be deducted from the funds paid over to you.The judgment must be paid from the proceeds of the refinance. That amount will be deducted from the funds paid over to you.The judgment must be paid from the proceeds of the refinance. That amount will be deducted from the funds paid over to you.The judgment must be paid from the proceeds of the refinance. That amount will be deducted from the funds paid over to you.
Can educational loan interest be deducted as an investment interest expense?
No.
How To calculate the interest to be deducted from the loan of 20000 which is to be paid within 2years at the rate of 10?
If the rate is 10% interest on a $20,000 loan for two years, interest will be $4,428.06 if compounded continuously. If compounded annually, it would be $4,200.
Can back state tax be deducted?
When paid.
What does deducted at source mean?
The term Deducted At Source is usually used while talking about Income Tax. Employers and other institutions that provide an income to the citizens of a country have to deduct a portion of the money that is paid out to the people as Tax and remit it to the government. This is commonly referred to as Tax Deducted at Source or TDS. Say for e.g., you work for XYZ private limited and are being paid $10000 per month as salary. As per your country's tax laws 20% of your income needs to be paid as tax, then it is the duty of XYZ private limited to ensure that $2000 is deducted every month from your income and remitted to the government. Similarly, say you have a deposit of $100,000 in a bank for which they pay you an interest of $10,000 every year. If say your tax liability on this interest income is 10% then the bank is supposed to deduct $1000 from the interest being paid to you and credit only the remaining $9000 in your account.
What percentage of mortgage interest is deducted on tax returns?
All of it paid in the period, which should check to the 1099-INT the mortgage company sends. (Plus, any amortizable amount from the origination of the mortgage.)
The residual interest of the owner after liabilities are deducted from assets is known as?
equity
What is deducted from a pay slip?
Money can be deducted from a payslip. However, in some jobs it is illegal to deduct money. There may be a minimum wage that must be paid.
How frequently is interest paid on a bond?
Interest is usually paid semiannually.
Can paid state taxes be deducted on Federal return?
Yes..deducted on Fed, not state (actually, you do Fed first normally, so you add them back for State).
