IRS PUBLICATION 531
A publication for employees who receive tips as part of their compensation, which is considered an income and subject to federal income tax. Whether received directly from an employer or through a tip-sharing arrangement with fellow employees, it should be reported to the employer every month if he or she has received more than $20 in tips. Noncash tips such as tickets, passes, or other items of value, is also considered an income and subject to income tax.
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Robert C. Merton
American economist who won the 1997 Nobel Memorial prize in Economic Sciences, along with Myron Scholes, for developing the Black-Sholes model, whi ...
Buy Stops Above
Recommendation to purchase a given security once a security’s price surpasses a particular resistance level by putting a buy stop order at th ...
Admitted Company
An insurance company admitted and allowed by an another state to transact insurance business despite having a domiciled status on an another state. ...
Black Box Model
Computer program, process, or system processing the information entered by the user using pre-programmed logic in order to produce the user’s ...
Form 3903
A form issued by the IRS and used by taxpayers to deduct moving expenses related to taking a new job.
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Macroeconomics: Basic Concepts
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