0
When you are living on your own what are two major expenses you are likely to pay for yourself?
Wiki User
∙ 13y ago
housing and medical
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What are the major types of expenses?
food, clothing, shelter, and transportation
What is the minimum balance for which a credit card company will sue you?
There is no set amount that determines if a lawsuit will be inacted. One of the major factors is the collectibility of the debt. If the consumer/debtor has a job, non-exempt assests and lives in a state where the lender can recover legal expenses then a lawsuit is very likely. Several states allow arbitration as another of option of debt settlement/collection.
What is a major reason for conglomerate mergers?
By conglomerate mergers, the rather weak units are tied with strong, profitable units, thereby ensuring subtainability of business and trimming of overhead expenses.
Once you sell your house can you write off your home improvement expenses?
Some of your home improvements will contribute to raising the basis value against which your capital gains are calculated. Note, however, that capital improvements do not include maintenance or deferred maintenance (such as putting on a new roof).So trying to clarify the above...it's either it was a capital improvement...(as in major renovation, adding a new floor or such), and became part of your BASIS in the property, (that is the amount you invested and calculated gain/or loss from at sale - albeit that amount may not actually be taxable under several deferral/exemption options for the sale of a primary residence). Any other amounts that didn't go to basis, like maintenance, are never a tax deductible expense. This follows the basic premise that expenses to take care of yourself or family...food, shelter, entertainment, etc) are not tax expenses.
What are flexible budgets?
Flexible Budgets sound a bit like an oxymoron but really they're not. Budgets are usually built on an assumption or set of assumptions such as units produced, cargo moved, or customers helped. If these assumptions are achieved then the expenses anticipated in the budget should occur and variances calculated are valid. But, let's say that drastic change occurs in your industry rendering the assumptions upon which the budget was built hopelessly outdated. Examples of this could be the loss of a critical vendor or the influx of a major new customer. This would make comparisons of actual expenses to outdated budget expenses worthless. But flexible budgets can attempt to compensate for such changes by flexing the budgeted expenses based on changes to those underlying assumptions.Ok, here's a simplified example: You make widgets. You forecast with all known information at budget time that there will be a market for your widgets of 100 next year. It cost you $2 per widget to make so your expenses would be $200. As you cruise through second quarter your sales team pulls off the order of the century and now you anticipate selling 10,000 widgets. Yippie! But suddenly your expenses are through the roof - duh - and at year's end you have expenses of $19,000. Comparing this to the budget of $200 you have a negative variance of $18,800. Is that bad to have expenses of $19,000? No. Your budget is not reflecting the new reality of selling 10,000 widgets. Here's where flexible budgeting comes in. You establish what your budgeted expenses should "flex" on. In our case it would be widgets and by what relationship your expenses should flex. In our example above the relationship is $2 per widget. If your budget "flexed" on the number of widgets, the expenses would now be $20,000 and with this new number the variance calculation would make more sense. Hope this helps.
What are two major expenses you are likely to pay for yourself while living by yourself?
**Houseingg && Medicall((: Major living expenses include, but are not limited to, housing, food, insurance, & utilities.
When you are living on you own what are two major expenses you are likely to pay for yourself?
housing and medical
What are major expenses for local government?
the education system.
What are the major types of expenses?
food, clothing, shelter, and transportation
What were some major military expenses during the revolutionary war?
Feeding the men
What are some major expenses of owning a vehicle?
The gasoline, insurance, repair, and RESPONSIBILITY!!!
What are 5 major categories of bookkeeping systems?
Asset Liabilites Equity Revenue Expenses
What are bank expenses?
Major bank expenses are: Operational Costs - employee salaries; Captital Costs -buying equipment and or buildings; Financing Costs - interest expense for loans and bonds
What major themes does Wicca teach?
Wicca can be anything you want it to be, but the major themes are connecting yourself to nature and becoming one with yourself.
What are the four major types of transactions that affect equity?
revenue expenses dividends and common stock
Explain three major effects of technology on everyday living?
Computers, increased pace of living, and replacement of human services are three major effects of technology on everyday living.
Is a major expense a capital improvement?
Capital Improvement is not an expense. Expenses are associated with expenses. Capital Improvements are increase in the assets. Example adding a new road. this is a very good question and it is also dumb
