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A dependency exemption is a set amount taxpayers can claim for each qualifying child or qualifying relative, reducing the income that is subject to tax. Understanding What a Dependency Exemption …
What Is a Dependency Exemption? – Simple and Easy Explanation Read More
A deficit happens when the government spends more money than it brings in through taxes and other sources of revenue. Understanding What a Deficit Really Means The word deficit comes …
What Is a Deficit? – Simple and Easy Explanation Read More
A canceled check is simply a check that has been paid, processed, and deducted from your bank account. Learn why these old documents are still important proof of payment. What …
What Is a Canceled Check? – Simple and Easy Explanation Read More
A compulsory payroll tax is an automatic tax taken from employers and employees to fund specific government programs such as Social Security and Medicare. Understanding Compulsory Payroll Taxes When you …
What Is a Compulsory Payroll Tax? – Simple and Easy Explanation Read More
A simple guide to understanding what a bounced check is, why it happens, and the penalties you or your business might face. We’ve all been there: you pay for something …
What Is a Bounced Check? – Simple and Easy Explanation Read More
A commission is compensation paid to an employee based on the sales they make, usually calculated as a percentage or a set amount per sale. Understanding What a Commission Really …
What Is a Commission? – Simple and Easy Explanation Read More
A simple guide to understanding Bill Pay and how it makes managing your monthly bills easier. What Is Bill Pay? Bill Pay is an optional online service from Bank of …
What Is Bill Pay? – Simple and Easy Explanation Read More
The citizen or resident test helps determine whether you can claim someone as a dependent based on their citizenship or where they lived during the year. Understanding the Citizen or …
What Is the Citizen or Resident Test? – Simple and Easy Explanation Read More
A banking center is a physical branch of a bank where customers can go for in-person services. Meta description: Learn what a banking center is, how it works, and why …
What Is a Banking Center? – Simple and Easy Explanation Read More
A business is a continuous, regular activity carried out with the main goal of earning income or making a profit. Understanding What a Business Really Is When people hear the …
What Is a Business? – Simple and Easy Explanation Read More