Where does the US get most imports?
The top five suppliers of U.S. goods imports in 2019 were: China ($452 billion), Mexico ($358 billion), Canada ($319 billion), Japan ($144 billion), and G...
Category: General
What was the tax credit for buying a home in 2008?
The credit was worth up to $7,500 for homes purchased in 2008, or $3,750 for married individuals who filed separate returns. It then increased to an $8,00...
Can a child give a parent money tax-free?
In 2019, the annual exclusion is the same as it was for 2018 — $15,000 per person. So, that means you’ll be able to give each parent $15,000, for a total ...
What is export tax?
Export taxes are taxes on goods or services that become payable when the goods leave the economic territory or when the services are delivered to non-resi...
Did Incas trade with others?
Economic exchanges were made using the barter system by which people traded with each other for things they needed. Archaeologists believe that there was ...
Are 1099 forms required for corporations?
In general, payments to corporations do not need to be reported on a 1099-MISC; LLCs and partnerships are issued 1099s, unless they are taxed as S- or C-C...
WHO issues a bill of lading?
carrier The carrier serves the bill of lading when they take control of the goods. This may change slightly in the case of an ocean carrier, which may use...
What is a capital gain and how is it taxed?
Capital gains are profits from the sale of a capital asset, such as shares of stock, a business, a parcel of land, or a work of art. Short-term capital ga...
Why is hygiene important for us?
Good personal hygiene is one of the best ways to protect yourself from getting gastro or infectious diseases such as COVID-19, colds and flu. Washing your...
Why do countries import foods?
Why is that? Oftentimes, it’s cheaper to import and transport the food than it is to produce it locally. The dollar is more valuable in other countries. A...
