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Continue Learning about Accounting

What are the features of an automatic payment service?

With your authorization, your bank will withdraw the amount of your monthly payment or bill from your bank account.


Can a lender bill you through your escrow for your annual tax amount if they did not paid the taxes?

When that would happen you probably did not have enough in the escrow account to the taxes when the taxes were due. Usually an amount is taken from each monthly payment and added to the estimated tax amount that will be needed when they receive the tax bill and then they pay the tax amount out the amount that is supposed in the escrow account when the tax is due.


What is Debited from your account?

When something is debited from your account, it means that a specific amount of money has been withdrawn or deducted, typically for a purchase, service, or fee. Common examples include transactions such as ATM withdrawals, bill payments, or subscription services. The debit reduces your account balance and is recorded in your account statement or transaction history.


Will a cable bill payment be considered a recurring bill payment?

Yes, a cable bill payment is typically considered a recurring bill payment, as it is usually billed monthly and involves a consistent amount due for services rendered. Recurring bills are characterized by their regular frequency and predictability, which applies to most cable service agreements. If the payment amount varies significantly each month, it may still be classified as recurring but with variable amounts.


What if someone didn't claim there income?

Could possibly receive a bill from the IRS at some time in the future possible a year or more with some penalties and interest added to the amount of income tax that may have owed.

Related Questions

What is tip added to the bill?

A tip added to the bill is an extra amount of money given to service staff, such as waiters or bartenders, as a token of appreciation for their service. It is typically calculated as a percentage of the total bill, often ranging from 15% to 20% in restaurants. In some places, a service charge may be included in the bill, which serves a similar purpose. Tips can vary based on the quality of service received.


What is usually added to a bill?

money.$


What relation between income and interest?

Income is money coming in; it could be wages or capital gains, or interest on money invested. Interest is a percentage of money owed added to your bill when borrowing money, or the amount that you earn on money invested.


What is the prorated amount of a monthly bill of 1231.50 for 8 days of service?

The prorated amount of a monthly bill of $1231.50 for 8 days of service would be $328.40. You get this by dividing the total amount by 30 days and then multiplying that amount by the eight days.


Is a service charge the same as gratuity?

No, a service charge is a mandatory fee added to a bill by the establishment, whereas gratuity is a voluntary tip given by a customer as a gesture of appreciation for good service. Service charges are typically non-negotiable, while gratuity amount is at the discretion of the customer.


What is the largest amount of money?

The 100 dollar bill.


Is it easy to set up a web rent service?

It is fairly simple. You just type your account details that the money exits and the details of who the money is going to. You also need to amount of money and how frequent. It takes about 10 minutes per bill.


What is the total if 1.20 gst was added to 12 bill?

To find the total amount after adding GST, you simply add the GST to the original bill. In this case, the original bill is $12, and the GST added is $1.20. Therefore, the total amount is $12 + $1.20, which equals $13.20.


Which of these would not be an additional fee added to a monthly cell phone bill?

Service Initiation


What would not be an additional fee added to a monthly cell phone bill?

service initiation


Is it legal if the electric company found a final bill from 02 when you transferred service to a new address and reported it as a charge off and added the amount to your regular bill and won't remove?

You will need to pay it before they will institute service. Hopefully, it is a lower amount than a deposit would be. If you remember paying it, perhaps you can get a copy of the check from the bank. Make sure that they note that it has been paid if it is showing on your credit report.


Do you have to pay for room service at a hotel?

Yes, and it is not cheap. It will be added to your bill and the person who brings room service often wants a tip.