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A covered plan is a defined benefit pension plan protected by the Pension Benefit Guaranty Corporation (PBGC). Learn how PBGC coverage works and why it matters. A covered plan is …
What Is a Covered Plan? – Simple and Easy Explanation Read More
A Contribution Base Unit (CBU) is the specific measure of employee work activity used to determine how much an employer must contribute to a multiemployer pension plan. Meta description: Learn …
What is a Contribution Base Unit (CBU)? – Simple and Easy Explanation Read More
A church plan is a retirement plan established and maintained by a church or a group of churches for their employees, and it is generally exempt from federal tax rules …
What Is a Church Plan? – Simple and Easy Explanation Read More
A Certain-and-Continuous annuity guarantees monthly income for your lifetime or for a fixed period, with remaining payments going to your beneficiary. A Certain-and-Continuous (C&C) Annuity is a retirement payout option …
What is a Certain-and-Continuous (C&C) Annuity? – Simple and Easy Explanation Read More
Social Security tax is a payroll tax that funds benefits for retirees, disabled individuals, and their families. Social Security tax is one of the most familiar taxes for workers in …
What Is Social Security Tax? – Simple and Easy Explanation Read More
A sin tax is a tax placed on products like tobacco and alcohol to discourage unhealthy or risky behaviors. A sin tax may sound dramatic, but it’s actually a simple …
What Is a Sin Tax? – Simple and Easy Explanation Read More
Single filing status is for taxpayers who are unmarried, legally separated, or do not qualify for any other filing status. Single filing status is the most common filing category used …
What Is Single Filing Status? – Simple and Easy Explanation Read More
Self-employment tax is the tax self-employed individuals pay to cover their Social Security and Medicare contributions. Self-employment tax can feel confusing at first, especially if you’re used to having taxes …
What Is Self-Employment Tax? – Simple and Easy Explanation Read More
A self-employment profit is the money you earn from your business after subtracting your business expenses. A self-employment profit is one of the clearest signs that your business or side …
What Is a Self-Employment Profit? – Simple and Easy Explanation Read More
A self-employment loss happens when your business expenses are higher than the income you earned from self-employment. A self-employment loss is something many freelancers, gig workers, and small business owners …
What Is a Self-Employment Loss? – Simple and Easy Explanation Read More