H&R BLOCK
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Earned Income Ans: received for services performed. some examples include wages, commissions, tips, farming, and other business income. Unearned Income Ans: taxable income that does not meet the definition of earned income. Examples of unearned income include interest income, dividends, rents and royalties, pensions, alimony, and unemployment income. Is interest received on U.S. Treasury obligations taxable on state and/or local returns? Ans: No. Interest on U.S. ...
adjustable rate mortgage Ans: mortgage that has fluctuating principal and interest payments. ARMs often begin as fixed mortgages and after a certain number of years shift into adjustable rates auto insurance Ans: a type of insurance used by vehicle owners to cover costs associated with car accidents budget Ans: a chart that documents how much money an individual earns and spends cash flow 2 | Page Ans: the relationship between income and expenses in a ...
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