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Is there a rule of thumb for office rent or lease per gross income?
Wiki User
∙ 19y ago
There is a GRM (Gross Rent Multiplier) that compares the total rental/lease income to the value or price of the property. The price can run 8 to 10 times the gross income, but that can vary widely up or down based on market conditions, interest rates, management, building type and quality, and many other factors. Capitalization Rate (cap rate) is a more comprehensive way of evaluation, but if the GRM is known for a building type and location, you can quickly determine a ballpark value.
Wiki User
∙ 19y ago
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When filing taxes how much money do you get per dependent?
It depends on your own personal situation, and obviously you have to have the income to warrent it, and the higher your tax bracket the bigger bang for the buck...but generally/rule of thumb...a dedendent is worth @$750 in tax savings.
What is considered income?
Twice your current incomeAnother Answer:Wealth is not directly related to income. The usual measure of wealth is "Net Worth", which is the total value of an individual's assets (not including a primary residence and not including cars) minus any debts (mortgage, car loans, credit cards).For many people, the threshold of being "wealthy" means having sufficient assets to maintain their lifestyle without being employed by someone else--in other words, to be able to retire, regardless of age. The usual rule of thumb is that you need to have accumulated a net worth that is 20 times the net income that you need. Or, to look at it another way, you need to be able to live on a 5% return on your assets.There are many people who have high incomes, but have not accumulated very much wealth. They are at a disadvantage because they are accustomed to a lifestyle that will not permit them to accumulate wealth at a sufficient rate. Conversely, there are many people who have modest incomes but have accumulated enough assets to be financially independent.
What is the meaning of Goodwill in Accounting language?
GOODWILL is that intangible possession which enables a business to continue to earn a profit that is in excess of the normal or basic rate of profit earned by other businesses of similar type. The goodwill of a business may be due to a particularly favorable location, its reputation in the community, or the quality of its employer and employees. The evidence that goodwill exists is the proven ability to earn excess profits. Goodwill is created on the books of a newly purchased company to the extent that the purchase price of the company is greater than the value of its net tangible assets. There are a number of methods for valuing goodwill: a. Simple Capitalization - The net profit of the business is capitalized to determine the total value of the business. The value of all the tangible assets is subtracted from the total value to establish the value of the intangible assets, or goodwill. b. Excess Earnings - the amount of earnings that are in excess of those normally earned by a similar business are capitalized to determine the value of goodwill. c. Income Tax Method - The past five years net income is averaged and a reasonable expected rate of return for tangible assets and salary requirements are subtracted. The resulting value is then capitalized to arrive at the goodwill value. d. Market Value - The price a willing seller would accept and a willing buyer would pay for goodwill. e. Buy /Sell Agreement - The value of goodwill is established by a formula in the buy/ sell agreement. f. Rule of Thumb - Goodwill is worth one years gross income.
How do you calculate clothing donations?
At their market value. That is generally considered the amount that a thrift shop would sell it for...so a $1 or 2 per item is a good rule of thumb.
How do you determine the date of last activity on your credit report?
The last activity is usually viewed as the last payment made. The rule of thumb is that the SOL begins six months after the account was defaulted on.
How do you use the word thumb through in a sentence?
She liked to thumb through the magazines at the doctor's office
Can you buy a home with a low income?
The answer would be yes, depending. A good rule of thumb is to calculate 43% of your gross income. Then, subtract your monthly payments (credit cards, installment loans and such). You'll be left with a figure that should be close to you eligible amount for a total monthly mortgage payment (principal, interest, taxes and insurance). It would be wise to ensure that even if my calculation allows this total monthly payment to be over 31% of your gross income, that you try not to take a mortgage payment over that amount. Many do, but it stretches them financially.
Can a 80 year old get approved to purchase a house?
Yes, but they must be able to prove enough stable income to support their new mortgage payment. A good rule of thumb is that their new monthly mortgage payment should not exceed 31% of their GROSS (income BEFORE tax) monthly income. Stable income is income that has been received on a consistant basis for a minimum of 2 years. If your source of income is from Disability, Child Support, Alimony, or Social Security, you must be able to prove that you will continue to receive this income for at least the next 3 years.
What percentage of restaurant gross sales should go to utilities?
3% is rule of thumb for typical restaurants.
Can an employee bring a thumb drive to a dental office and use it on the office computer?
maybe because it all depends on the dental office employee's rules and regulations!
How many days by law do you have to give prior to move out?
Laws vary from place to place, but the rule of thumb is 30 days if you have reached the end of your lease period. If your lease still has more than 30 days remaining, you are bound to pay rent for the remainder of the lease period unless the landlord gives you written permission to move out or there are extenuating conditions which would give you legal cause to break the lease.
What is reasonable compensation for medical poa?
Fiduciary compensation is actually a gray area. However, one rule of thumb to find out the reasonable compensation for medical POA should be based on 5 percent of gross income and 1 percent of gross assets per annum. This also includes reimbursement for out of pocket expenses. The amount may vary depending on the circumstances. It is always recommended to consult a local attorney regarding the matter.
What percentage of your gross income should you save for retirement?
Financial experts generally recommend saving at least 10-15% of your gross income for retirement. This may vary depending on factors such as your age, income level, and desired retirement lifestyle. It's always a good idea to consult with a financial advisor to determine the appropriate percentage for your specific situation.
How much of your pay check should go to rent?
Rule of thumb says no more than 1/3 of your annual gross income should go to rent. However, depending on where you are living, that could fluctuate anywhere from 25% to over 50%, which some people pay in major cities. Just remember to live within your means :)
How do you get an alien egg to breed?
You have to care for it for seven days then on the seventh day you will see a hole. It will be gross but take it out. DO NOT mistake a rip for a hole
How do you get your kid to stop sucking her thomb?
i suggest you wrap the thumbs in tape or bandaids or something and wheneer they try to suck the thumb, bam it sucks something rlly gross
How much can you put in your 401k plain ?
The general rule of thumb is that you can't put more money into your 401k than the total income that your company pays you.
