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College Finance
Student loans, scholarships and grants oh my! Financing a college education can be both hectic and confusing at times. Find out the answers to your college financing questions here.
164 Questions
If the student is over 18, they are an adult; therefore, if they received medical treatment, they are legally responsible for the bill. The fact that they are a dependant doesn't matter.
What does asset maximization mean?
It is an investment strategy designed to maximize current lifetime after-tax income from an existing asset, while at the same time increasing the after-tax value of that asset to the next generation. It is a conservative strategy that enables a client to convert a low interest-producing asset into a guaranteed* lifetime income stream.
How can facilitate accomplishment of organizational goals?
You can help by setting goals.
- Brainstorm goals as a group. (People support what they create, and will accept responsibility more easily.)
- Choose from the brainstormed list those you want to attend to.
- Prioritize as a group.
- Determine objectives and plans of action for each goal. Be specific and include deadlines.
- Move into action. Follow through.
- Continually evaluate your progress.
How does Percy mom get enough money to pay for college?
She used Medusa's head to turn "Smelly Gabe into a statue and then sold that to get money for college. (:
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Can executor get money back from out of pocket expense?
The executor can make a claim against the estate for expenses. The probate court will have to approve. The expenses have to be reasonable and normal.
A financial mission is a statement of one's goals regarding money- how you want to save, spend, and prepare for the future financially.
What is one way to save money when living off campus?
Find a roommate to share costs. Fix your own meals instead of eating at restaurants. Do your own laundry. Ride the bus instead of driving a car. Borrow books and movies from the library instead of going to the movies.
What numbering system is used for the Chart of Accounts?
The Chart of Accounts typically uses a numerical coding system to categorize financial transactions and accounts within an organization. This numbering system often starts with broad categories, such as assets, liabilities, equity, revenues, and expenses, each assigned a range of numbers. For example, assets might be numbered from 1000 to 1999, while liabilities could range from 2000 to 2999. This structured approach allows for easy identification and organization of accounts for financial reporting and analysis.
What is the best distance learning university that is affordable?
If you are a working professional and would like to continue your job along with your studies, it is better to go for a distance MBA program. Distance MBA in online mode is offered by NIBM (National Institute of Business Management). It offers one year MBA, two year MBA and one year Executive MBA in online mode. NIBM also provides online MBA video tutorials to all its students. Being an ISO 9001:2008 certified institute NIBM is reliable too.
Can medical expenses be a taxable deduction?
The IRS allows you to deduct qualified medical expenses that exceed 10% of your adjusted gross income for the year. Your adjusted gross income (AGI) is your taxable income minus any adjustments to income such as deductions, contributions to a traditional IRA and student loan interest.
For example, if you have a modified adjusted gross income of $45,000 and $5,475 of medical expenses, you would multiply $45,000 by 0.10 (10 percent) to find that only expenses exceeding $4,500 can be deducted. This leaves you with a medical expense deduction of $975 (5,475 - 4,500).
There is a temporary exemption from Jan. 1, 2013 to Dec. 31, 2016 for individuals age 65 and older and their spouses. If you or your spouse are 65 years or older or turned 65 during the tax year you are allowed to deduct unreimbursed medical care expenses that exceed 7.5% of your adjusted gross income. The threshold remains at 7.5% of AGI for those taxpayers until Dec. 31, 2016.
Which medical expenses are deductible?The IRS allows you to deduct preventative care, treatment, surgeries and dental and vision care as qualifying medical expenses. You can also deduct visits to psychologists and psychiatrists. Prescription medications and appliances such as glasses, contacts, false teeth and hearing aids are also deductible.
The IRS also lets you deduct the expenses that you pay to travel for medical care such as mileage on your car, bus fare and parking fees.
Ref: Google/TurboTax
What are the documents require for banks and office?
Each individual bank will have their own requirements of the documents needed. Proof of employment is a common document needed.
What is the differences between impairment and depreciation?
Depreciation means the depreciable amount of an asset (cost/revalued amount less residual value) is allocated on a systematic basis over its useful life.
Depreciation = Depreciable amount / Useful life
Impairment means when an asset/s carrying amount is exceeds its recoverable amount, the amount over recoverable amount should be write off from carrying amount and present in Balance Sheet. This process is call as Impairment
An impairment (loss) is the amount by which the carrying amount (i.e. balance sheet value) of an asset or cash-generating unit exceeds its recoverable amount.
Impairment = Carrying value - Recoverable amount
If there is any indication that an asset may be impaired, the entity should estimate its recoverable amount. If the recoverable amount is less than the carrying amount, the carrying amount of the asset should be reduced to the recoverable amount.
Does high credit means you owe money?
I'm assuming you mean a high credit score, which is determined by 35% debt payment history, 30% debt levels, 15% length of debt, 10% new debt, and 10% type of debt. So, a high credit score can mean that you do owe money and have a good history of paying it on time, but it can still be high even if you recently eliminated all your debt.
What is the tuition fee for Georgia Tech?
To find out your individualized financial aid estimate for Georgia Tech (and compare it to other colleges), you should visit CollegeAbacus.com
College Abacus is a free website that helps students access individualized financial aid estimates, direct from schools, before they apply to college. College Abacus uses net price calculators publicly available on college websites to produce the estimates.
Technically, parents are not obligated to pay for their child's college education since college is elective. It is the parents' choice whether to pay for a student's college fees or not.
As for filing tax returns, you might want to get current on that, especially if you can claim your child as a dependent. You might avoid penalties and liens on your possesions...
No, because some people have to pay and others don't. You can get scholarship's.
How do you write letter to Bank customer in Hindi language?
To write a letter to a bank customer in hindi language one must find someone who is fluent in that language or a professional translator to correctly write the letter.
What companies will pay for college if you want to be an engineer?
This question is unanswerable; at any given time there are thousands of companies that are willing to offer full or partial coverage on tuition and continuing education seminars for engineers. They cover the gambit from engineering companies (obviously) to manufacturers to architects to the U.S. Navy.
However, it's safe to assume that NO company is going to seek you out and pay for your education and life simply because you have a passing interest in engineering. Usually, you have to pay for the engineering degree yourself and then they reimburse you by paying you an outrageously high salary. How 'bout you give that a shot instead of hoping to find a miracle free ride on the Internet.
How do people plan to pay for college?
If you have a young child, most people can apply for a College Savings account (529 plan), where parents and guardians can deposit money and let it grow. There is also the option of financial aid through grants and loans. Grants are sums of money that are awarded to students for having particular interests or for doing well in school, and do not have to be paid back. Student loans, on the other hand, are sums of money that need to be paid back. However, the first payment toward the loan is deferred to six months after graduation, giving the student some time to find work before repaying the loan.
Do congressional children pay for college?
Do children of congressional people go to college paid for by the taxpayers .. other than student loans or grants (under perks for congressmen/woman)
