How to Read Form W-2 Wage and Tax Statement.

. What is a Form W-2 Wage and Tax Statement? How to Read a Form W-2 Wage and Tax Statement Which line on your W-2 is your gross income? The gross income for an individual is listed on Line 1 of their W-2 form. This is the total income earned from their job (wages, tips, … Read more

What Is Collateralization?

Collateralization is the process of securing a loan with collateral. Collateral is an asset that can be used to repay the loan if the borrower defaults. The most common type of collateral is a home or a car. What are the possible collaterals of a loan? The possible collaterals of a loan are any assets … Read more

Double-Declining Balance (DDB) Depreciation Method Definition With Formula.

The double-declining balance (DDB) depreciation method is a form of accelerated depreciation. Under this method, each year’s depreciation expense is equal to twice the depreciation expense of the previous year. The result is a front-loaded depreciation schedule, where a greater portion of the asset’s cost is depreciated in the early years of its life. The … Read more

What is a grant?

A grant is financial assistance received by a person or by a by one public entity or administration. The concept of a subsidy implies that the public body that provides the aid will have to pay a financial amount through a transfer. In addition, due to the meaning of the subsidy, we understand that the … Read more