Category: Bookkeeping

If you are interested, you may check our continuous compound interest calculator, where you can study the real power of compounding interest. EAR can be used to evaluate interest payable on a loan or any debt or to assess earnings from an investment, such as a guaranteed investment certificate (GIC) or savings account. When you…

In this article, I’ll show you what I believe are the must-haves of a modern CSS boilerplate. Hopefully, something more minimal, predictable, and easier to maintain going forward. UTF-8 is the standard character encoding https://www.kelleysbookkeeping.com/ you should use in your web pages. Boilerplate language serves a purpose but it’s important for those who receive it…

When you adjust the nominal rate by inflation, you get to the concept of the real interest rate, which is an important measure in economics. We also recommend our Taylor rule calculator for a deeper dive into inflation, interest rates, and central bank policies. In the United States, the Truth in Lending Act requires lenders…

Now, find the present value of those semi-annual payments, four total payments. The company currently carries a bond rating of A- from Moody’s, considered investment grade. Based on the discount rate for AMD’s equity, the discount rate for the bond is 7%, which we will assign to all of the following calculations to remain consistent.…

All residents and non-residents who receive income in the state must pay the state income tax. You must pay tax to Illinois on any income you earn there if you work there and live in any other state except Wisconsin, Iowa, Kentucky, or Michigan. Illinois has reciprocity with these four illinois tax brackets states, so…

This section describes the excise taxes you may have to pay and the forms you have to file if you do any of the following. Try setting aside at least 30% of your business income every time you’re paid. A good rule of thumb is to save 30% of your net business income for taxes.…