Gladys would be the only one that would have all of the necessary information available that WILL BE NEEDED to even start filling out her 1040 federal income tax correctly. She will NOT know the correct amounts until she complete her 1040 federal income tax return correctly. Her filing status, her age and how she made all of her gross worldwide income amount and if she had any sources of earned income (pay that she worked for) that has to reported on her 1040 income tax return and all of her other information that is required to be entered correctly on each line of her 1040 income tax return will all be a part of the necessary information that she would know and will have enter on her income tax return correctly to arrive at the correct answer of how much she might possible get back as a REFUND AMOUNT after her income tax return is completely correctly.
If it is qualifying earned income and she is NOT a dependent on another taxpayer's income tax return. IF she meet the qualifications for the earned income tax credit and the making work pay tax credit for the tax year 2009 she WILL NOT KNOW the amounts until she has completed her 1040 federal income tax return correctly.
When she get to the last lines on page 2 of the 1040 federal income tax return line 72 where it says THIS IS THE AMOUNT THAT WAS OVERPAID then she will know how much her refund amount should be. If the amount is ZERO -0- and then she has an amount on line 75 AMOUNT YOU OWE.
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Credit to Liabilities for the amount of the loan. Credit to liabilitites for the amount of interest on the amount of the loan.(this can be entered monthly to keep better track of) Debit to cash for the amount of the payment made. (this amount should be equal after the payments are completed to the addition of the loan amount and interest.)
There are many different companies that can help you with payments online. For example you have CCBill, PayPal and ProPay. They all accept credit card payments against a fee.
the second word. here we differ these term by debit and credit when cash receipt then amount field is +ve as on debit and in cash payment it will be -ve as on credit and reverse for opposite .
Yes unearned rent is that amount which is already received but which is not due to be received yet that's why it is shown in liability section of balance sheet and it has credit balance.
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The total amount of monthly credit card payments is the sum of all the payments made towards credit card bills in a month.
You can be in credit on a credit card by making payments that exceed the amount you have spent, resulting in a positive balance on your card.
Yes, with a Home Equity Line of Credit (HELOC), you typically have to make monthly payments. These payments are based on the amount you have borrowed and the interest rate.
No, you cannot make principal payments on credit cards. Credit card payments are typically applied towards the total balance owed, including interest and fees, rather than specifically towards the principal amount.
Absolutely. Capital One does in fact accept credit card payments online. They have a whole section on their webpage dedicated specifically to online bill pay.
You can avoid bad credit ratings by ensureing that payments to creditors are made on time and at the required amount. If you miss payments that may be logged on your credit record, leading to a poor rating.
The amount of credit you can build in a year depends on your financial habits and the types of credit you use. By making on-time payments, keeping credit card balances low, and diversifying your credit accounts, you can typically build a good amount of credit in a year.
increase rent expense by payment amount (debit) reduce cash by payment amount (credit)
Credit score depends of following factors # On Time Payments # Quantity and Amount of Loans # Length of Credit history # Types of Credit Lines # Previous Credit Card Applications
It is unwise to pay minimum payments due on credit cards because the payment will cover only a small portion of the principal amount and more on interest and financial charges.
Payments on a Home Equity Line of Credit (HELOC) typically involve making monthly payments based on the amount borrowed and the interest rate. The borrower can choose to pay only the interest or make payments towards both the interest and the principal. The payment amount may vary depending on the outstanding balance and the terms of the HELOC agreement.