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Annette Said:

please helpe 10 points plus best answer!!!?

We Answered:

1. Health insurance premiums

2. Involuntary deduction based on a percentage of gross pay

3. Mortgage

4. Involuntary and fixed - it is fixed as a percentage of gross income.

5. The amount of income on hand.
» All these answers are inadequate. Realized income is the amount of money you have when you sell a stock or bond. The opposite of realized income is unrealized income. For example, if you have a stock which goes up $500, but you don't sell it then you have potential (unrealized) income.

6. More quickly. You are earning (or paying) interest on top of interest. For example, if you have a credit card and you owe $1,000 at the end of January and you pay $1½ interest, then you will have to pay interest on $1,015 in February. The interest is compounded.

7. Deficit.

8.$17.00/hour and a $2,000 bonus at the end of the year. 40 * 50 = 2,000 hours * $17 = $34,000 + $2,000 bonus = $36,000.

9. $1,200 * .0765 = $91.80

Amber Said:

Home Owners-what is your opinion of this: Buying a home is a ticket to financial security is a "scam" per...?

We Answered:

I rent.
I need the freedom of not being locked in.
Others find that they want a place that has the illusion of being theirs and thus the trade-offs are supposedly worth it to them. Or, as so many foreclosures make evident, they jump in unaware of how costly an endeavor it is. Kind of like when people have kids and are clueless as to just what that entails. You can ultimately sell a house. But yeah, it's a trap.
All a matter of perception.

Pedro Said:

Homee economics: The Hidden costs of the "American Dream"?

We Answered:

Are you saying it is cheaper to rent because you save the other back for a vacation !?

Milton Said:

Do you rent or own your home? And what is your opinion of this article: Buying a home is a ticket to financial?

We Answered:

First I didn't understand the previous answer from the woman who wanted to own because she wanted privacy. You can rent a house too and have privacy. But to answer your question, I don't think most people buy houses with an intent for financial gain. Owning a home IS expensive and so are repairs, etc. The people I know who own want their own place so that they don't have to answer to anyone else about such things as choosing what color to paint their walls and all the other freedoms that come with it being your property so you can make choices without consulting with a landlord, etc.

Oscar Said:

tax Q 1040 first time homebuyer?

We Answered:

If your dad is a home owner and his name is on the title, you will not qualify for the $7500 credit. Both of you have to be a first time home buyers. If you do qualify then you should have claimed 1/2 of the $7500 on your return and half on his. I also believe that you can claim whatt you have paid on the interest and property tax on you sch A.
You can only deduct MPI (Mortgage Premium Insurance) not casualty insurance.

Ken Said:

If 2 sisters buy a house together...?

We Answered:

You claim what you actually paid as far as deductions are concerned. You may split the FTHB credit any way that you choose. A 50-50 split is common but it's up to the two of you to decide. The only restriction is that if either of you are ineligible that person cannot claim any of it. The other could claim the entire credit though since you are not married to each other.