Form 1098: Mortgage Interest Statement.

Mortgage Interest Statement (Form 1098) Is a 1098 a deduction or credit? A 1098 is a mortgage interest statement that shows the amount of interest you paid on your mortgage during the year. This information is used to calculate the mortgage interest deduction, which is a deduction you can take on your federal income tax … Read more

What is the dependency ratio, and how do you calculate it?

What is the dependency ratio, and how do you calculate it? How do you calculate work population ratio? The work population ratio is calculated by dividing the number of people in the labor force by the total population. What is the current dependency ratio? The dependency ratio is a measure of the number of people … Read more

What Is the Amortization of Intangibles?

The amortization of intangibles is the gradual write-off of the cost of intangible assets over the estimated useful life of those assets. Intangible assets are long-term assets that lack physical substance but have economic value, such as trademarks, copyrights, and patents. Amortization is an accounting method used to spread the cost of intangible assets over … Read more

What is a Bidder?

When we speak of the offeror, we refer to the person (natural or legal) that provides or gives a product or service to another. The antonym of this concept would be the plaintiff, who is the person who requires the good or service that the offeror is selling. The objective of the offerer is to … Read more