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Tax liability is the total amount of money that an individual, business, or other entity is legally obligated to pay to a federal, state, or local government taxing authority.

Key Points to Remember About Stock Market TimingsTrading Hours: 9:15 AM to 3:30 PM, Monday to Friday. Pre-opening session: 9:00 AM to 9:15 AM, to set opening prices. Regular Session: 9:15 AM to 3:30 PM, for active trading.

Income accounts are categories within the business's books that show how much it has earned. A debit to an income account reduces the amount the business has earned, and a credit to an income account means it has earned more.

The Great Depression was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty.

A CFO can improve cash flow management by optimizing accounts receivable and payable, managing inventory efficiently, controlling costs, and using forecasting and technology. They can achieve this by encouraging faster customer payments, negotiating longer payment terms with suppliers, reducing...

A DSCR (Debt Service Coverage Ratio) loan is a type of investment property loan where approval is based on the property's rental income, not the borrower's personal income. It's calculated by dividing the property's net operating income by its annual debt service (principal and interest) to...