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Market value is the fair price an asset could sell for in the current market, based on what buyers are willing to pay and sellers are willing to accept. What …
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Margin premium is a deposit that an organization must keep with a broker when buying or selling futures contracts. This deposit acts as a form of financial security, helping make …
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Manufacturers Output Policies help protect a manufacturer’s products and materials from the moment they arrive as raw materials until finished goods are shipped to customers. These policies are designed for …
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Mandated benefits are insurance coverages that the law requires insurance plans to include, no matter who provides the policy. These benefits are set by state or federal governments to make …
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Managed care is a health care system designed to control costs while still making sure people get the medical care they need. Managed care affects how you choose doctors, how …
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Malpractice happens when a professional makes a serious mistake or acts carelessly, causing harm, loss, or injury to someone else. What Does Malpractice Mean? Malpractice is a legal term used …
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Major medical insurance is the main type of health insurance that helps cover big medical costs like hospital stays, surgeries, doctor visits, and prescription drugs. What Does Major Medical Mean? …
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Withholding, also known as “pay-as-you-earn” taxation, is the process where money is taken out of an employee’s paycheck by an employer and sent directly to the government. These withheld amounts …
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Wages are the compensation employees receive for the work they perform. In most cases, wages are calculated by multiplying an hourly pay rate by the number of hours worked during …
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Volunteer Income Tax Assistance (VITA) is a free tax help program that provides income tax return preparation for people who qualify. It is designed to support taxpayers with limited or …
What Is Volunteer Income Tax Assistance (VITA)? – Simple and Easy Explanation Read More