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What else can I help you with?
What is taxable investment?
An investment, whose returns are taxable can be termed as taxable investment. For ex: In India, the interest earned on bank deposits are taxable. Hence depositing money in fixed deposits can be considered as a taxable investment
Should a mother include her sons name on certificate of deposits?
ABSOLUTELY!
What is the accounting computation and entry for discounted negotiable certificate of deposits?
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Are time deposits taxable?
Yes, in most countries the income earned out of the time deposits is taxable. i.e., the interest that the bank pays you for the deposit will be considered an income and taxed accordingly. For ex: In India, let us say your annual income is Rs. 10 lakhs and you earned another Rs. 50,000/- as interest from your time deposit account, your taxable income for this year will be Rs. 10,50,000/-.
Do credit unions accept certificates of deposits?
Credit unions offer different types of certificates of deposits. Some credit unions have certificate of deposits as rewards or promotions for customers or as an add on product.
Do you pay taxes on interest earned from a certificate of deposit (CD)?
Yes, you are required to pay taxes on the interest earned from a certificate of deposit (CD) as it is considered taxable income by the government.
What are the negotiable Certificate of Deposits?
are issued in exchange for a deposits of funds by most American banks are negotiable meaning they can be sold to another holder before maturity
What are some investments that wont give you a high rate of return?
certificate of deposits (cds)
Is Security deposits on rental equipment taxable?
Yes, security deposits on rental equipment are generally considered taxable income if they are not returned to the renter. If the deposit is refunded in full, it is not taxable since it is not considered income. However, if the rental company retains part or all of the deposit due to damages or other reasons, that amount is subject to tax as it is considered income. Always check local regulations or consult a tax professional for specific guidance.
What is the difference between cetificate Deposits and Time Deposits?
They both refer to the exact same thing. It is just two different terms by which we are referring to this deposit product. In this, a customer deposits a lump-sum amount with the bank for a fixed amount of time at a fixed rate of interest. In return, the bank gives a certificate to the customer which he/she can surrender after the stated time in return for the invested amount + interest. They are called Time Deposits, Certificate of Deposit, Fixed Deposits etc.
Do I have to pay taxes on a CD?
Yes, you generally have to pay taxes on the interest earned from a Certificate of Deposit (CD) as it is considered taxable income by the government.
What is the purpose of a certificate of deposits?
The reason people invest in a certificate of deposit is its outcome. A higher interest rate on the maturity of your money. The ultimate purpose is knowing that your money saved will be increasing as it sits.
