Sentences with phrase «earning less income»

Courts impute income when calculating child support to prevent a parent from escaping child support by purposely earning less income, but imputed income is not intended to punish parents who are unemployed or underemployed due to no fault of their own.

However, it's recommended that you run the numbers and consider your particular situation before implementing a specific tax strategy, because owing less tax means earning less income.

The disciplined low - stress thing to do would be to dollar - cost - average your way into the market, and commit to (roughly) a $ 2,000 - a-month pre-authorized chequing (PAC) arrangement with your financial institution (or less for those earning less income).

If an individual has stopped working and has earned less income for the year, they might be in a lower tax bracket and rolling over pre-tax retirement plan assets to a Roth IRA may be a good move in such a year.

The money in your RRSP will eventually be taxed when you withdraw it, but because most people will earn less income in their post-working years than while actively employed, those withdrawals should end up being taxed at a lower rate.

If none of the above apply, you need to play the guessing game as to whether you will have any years in the future, where you earn less income than you do now.

You'll eventually have to pay taxes on RRSP withdrawals in retirement, but if you earn less income in your post-working years, you will be taxed at a lower rate.

If you are a homemaker, or earn less income than your spouse, it may make sense to get legal representation.

«There are more workers, but they earn less income,» said Giorgos Gogos, the general secretary of the Piraeus dockworkers union.

Brent Dickerson, owner and financial planner for Trinity Tax Advisory, jokes that the best way to save on taxes is to earn less income.

If you earned less income than you originally estimated, you may get more money back.

While women now have better educational and professional opportunities, on average, they still earn less income than men, are primary caregivers, and live longer than men.

They have less education, earn less income, report poorer relationship quality, and experience more mental health problems.12 These considerations suggest that children living with cohabiting biological parents may be worse off, in some respects, than children living with two married biological parents.

Specifically, compared with children who grow up in stable, two - parent families, children born outside marriage reach adulthood with less education, earn less income, have lower occupational status, are more likely to be idle (that is, not employed and not in school), are more likely to have a nonmarital birth (among daughters), have more troubled marriages, experience higher rates of divorce, and report more symptoms of depression.8

Not exact matches

For SAP, the loss and LAE ratio is the ratio of incurred losses and loss adjustment expenses less certain administrative services fee income to net earned premiums as defined in the statutory financial statements required by insurance regulators.

Under Assembly Bill 693, the program fully subsidizes solar panels on multifamily buildings that are located in disadvantaged areas, have a number of federally subsidized units, or where the majority of tenants earn less than 60 % of the area's average income.

Underwriting gain / (loss) is net earned premiums and fee income less claims and claim adjustment expenses and insurance - related expenses.

He recalled a 2010 study by Princeton behavioral economist Daniel Kahneman finding that, while people did not feel happier on a daily basis as their income rose above $ 75,000, they were decidedly unhappier the less they earned below $ 75,000.

Many taxpayers who earn income from working in the sharing economy do not receive any such form, potentially making them less likely to report that income.

There is an income cap on the Roth IRA: Only married people earning less than $ 189,000, or single people earning less than $ 120,000, are allowed to make the maximum yearly contribution of $ 5,500 (or $ 6,500 for people aged 50 or older).

Those with higher incomes were also more likely to purchase plans with a longer duration, with the average length of a plan hitting four years for a buyer who earns $ 75,000 or more, compared to 2.9 years for someone earning $ 25,000 or less.

China has some 300 million consumers it considers middle class, although with an average annual income equivalent to $ 5,000, such consumers earn considerably less than their U.S. counterparts.

Interestingly, not only does this vacation - effect persist across income groups, but its impact is so profound that those who earn less than $ 24,000 a year but take regular trips report a higher well - being score, on average, than those who earn $ 120,000 or more annually but don't regularly take vacations.

The same is true for women with higher incomes: 30 percent of women with family incomes of $ 100,000 or more report they've earned less than a man who was doing comparable work, Pew notes, compared with roughly one - in - five women with lower incomes.

The research also shows that 49 percent of taxpayers who took the deduction had income below $ 50,000 and 69 percent earned less than $ 75,000.

Luisa Gagliardi of the University of Geneva studied more than one million housing transactions in British cities between 1995 and 2001 and found that highly educated workers» «consumption of amenities» — restaurant meals, park visits, etc. — was 10 % greater than that of less educated workers who earned the same income.

Earning even a small amount of income in your retirement years means you don't have to rely 100 percent on your savings to fund your lifestyle, and that in turn means you may be able to retire with a little less in the bank.

If you can live for quite a long time without your regular income, this tells me that you spend less than you earn on a consistent basis.

Those with relatively high household incomes — 41 % of Americans with an annual household income of $ 100,000 or more have used four or more of these services, three times the proportion among households earning less than $ 30,000 annually.

But the total amount contributed by both spouses can't exceed the amount of income earned by the working spouse or the IRS limits, whichever is less.

Building wealth is a process that involves spending less than you earn, taking the surplus and accumulating productive assets that throw off passive income, and then expanding that asset base until your passive income can provide you with the lifestyle you desire.

Besides earning less money, the best way to pay little to no taxes is to make your income equal your itemized deductions.

Although you do not have to pay tax if you earned less than your personal income exemption, it is still a good idea to file a return.

You earn the full tax credit if your income is $ 80,000 or less, or $ 160,000 or less if married filing jointly.

Most borrowers earn at least $ 100,000 per year and have a debt - to - income ratio of 30 percent or less.

You are eligible for the EITC if your AGI and earned income are each less than the following amounts (for the 2015 tax year):

With 20 times more income, people would only have to work 20 times less than they did before to earn the same amount.

However, you must earn less than the area median income in your county and have a FICO score of at least 680.

In addition, you must earn less than the median area income for your county.

Yet lower - income Democrats are less likely than higher - income Democrats to say tax rates on high - income households should be raised (47 % of those earning under $ 30,000 vs. 63 % of those earning $ 30,000 or more).

Facebook is less interested in earning income from peer - to - peer payments than it is in keeping people on its own property.

Erecting a Christmas tree is, however, somewhat more common among high - income earners (86 % among those earning $ 75,000 or more) than among those with lower household incomes (75 % among those earning less than $ 30,000).

Similar numbers of high - income earners and those with lower household incomes say they plan to give homemade gifts this year (61 % among those earning $ 100,000 or more, 59 % among those earning less than $ 30,000).

The government claims there is no evidence to suggest that people of higher income disproportionately benefit and that the higher contribution limit will benefit all Canadians, especially those earning less than $ 60,000.

Finance Minister Joe Oliver announced that the federal corporate tax rate for corporations earning less than $ 500,000 will be reduced to 9 per cent by 2019 from 11 per cent now (compared to 15 per cent for business income above $ 500,000).

There are rare creatures like highly religious congregants who tithe 10 or 20 percent of their incomes to charity regardless of income, but most people earning less than $ 100,000 give away less than 5 percent.

Income restrictions mandate that borrowers earn 115 percent or less of the property area's median iIncome restrictions mandate that borrowers earn 115 percent or less of the property area's median incomeincome.

Poorer people typically earn less than $ 30,000 per year while lower middle class individuals have incomes estimated at ranging from $ 30,000 - 60,000.

Contributions may be limited by how much you earn — your modified adjusted gross income (MAGI) must be less than the annual limit set by the IRS.

Investors who earn less than $ 100,000 per year or whose net worth do not exceed $ 100,000 are only allowed to invest 5 % of their income or no more than $ 2,000 per year.