Tag: income
Sales Tax
What is sales tax and why do we have it
Sales tax is a tax levied on the sale of goods and services. The tax...
Salary Reduction Simplified Employee Pension Plan (SARSEP)
What is 'Salary Reduction Simplified Employee Pension Plan - SARSEP' A plan offered by small companies - typically those with fewer than...
Backlog
What is a 'Backlog' A backlog is a buildup of work that needs to be completed. The term "backlog" has a number...
Balance Protection
Balance Protection What is 'Balance Protection ' The optional coverage on an existing credit card account. Typically, the fee for the...
Savings Rate
What is a 'Savings Rate' A savings rate is the amount of money, expressed as a percentage or ratio, that a person...
Baidu
What is 'Baidu' The dominant Chinese internet search engine company. Baidu offers many of the same products and services as Google, but...
Back Order
What is a 'Back Order' A back order is a customer order that has not been fulfilled. A back order generally indicates...
Bad Debt Reserve
What is 'Bad Debt Reserve' An account set aside by a company to account for and offset losses that arise as a...
Balance Reporting
What is balance reporting and why is it important for businesses
Balance reporting is the process of creating a financial report that provides an overview...
Back Taxes
DefinitionBack taxes is a term for taxes that were not completely paid when due. Typically, these are taxes that are owed from a prior...