Personal Finance & Money Questions, Problems & Solutions : TransWikia.com ~ Page 302

how to protect from high medical emergency

I see a news item where a Patients is billed $50K+ for air ambulance. Suppose one day a person who does not have future earning potential and...

Asked on 03/12/2021

2 answer

Can I deduct an annual state tax (on an LLC) on Form 1040 Schedule C?

On Form 1040 Schedule C - "Profit or Loss From Business (Sole Proprietorship)" , the instructions for line 23 ("taxes and licenses" under "Expenses") have a...

Asked on 03/12/2021

1 answer

Focus on mortgage or keep investing

I'm 24 and recently purchased a property. I'm wondering whether or not I should keep my investment account open or focus solely on bringing down my mortgage. I have been...

Asked on 03/12/2021

0 answer

Are there any downsides to having a bigger salary rather than a bonus?

My company has consistently given out bonuses for the past few years and the bonuses have been gradually rising each year. Currently the bonuses are around 15-20% of my annual...

Asked on 03/12/2021

6 answer

Get a loan, and then repay that loan with the loan itself

Due to some unfortunate circumstances, my credit score dropped 300 points in less than a year. I had a procedure done at the local hospital, which ended up costing around...

Asked on 03/12/2021 by user27283

1 answer

Need help understanding a quote from The Intelligent Investor

I am reading The Intelligent Investor, and the follow quote doesn't make total sense to me:An industrial company’s finances are not conservative unless the common stock (at book value) represents...

Asked on 03/12/2021

2 answer

Determining cost basis in a SPAC unit split into stock and warrants

I bought 400 shares of IPOB.U at $11.84/unit. Each unit can be split into 1 share + 1/3 warrant when the holder desires (after the stock and warrants start trading...

Asked on 03/12/2021 by spac splitter

1 answer

UK self assessment : Declare childcare vouchers?

I'm trying to fill in my self assessment form for UK Tax. Now my P60 declares the figures of.."Pay in this period" of "50k" "Tax in this...

Asked on 03/12/2021 by jeff porter

1 answer

Property, income and capital gain taxes for buyer when home bought under "option to buy" contract?

Seller messed up advertising on house and needs few more months to bring few things up to code before he can sell. Hence as alternative solution seller is offering to...

Asked on 03/12/2021

0 answer

Not clear about margin requirements on Shorting Puts

I'm trying to understand how Margin Requirements work when trying to sell a Put Option without having sufficient cash to cover the Option in case it's assigned. For example, let's...

Asked on 03/12/2021

2 answer

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