Business

When a business collects payment for products and/or services that have not yet been shipped or completed, it generates deferred revenue, also known as unearned…

Deferred interest is a deal on what is effectively a loan that allows the borrower to postpone paying interest for a fixed period of time…

A deferred tax liability (DTL) or deferred tax liabilities is a tax that has been assessed or is due for the current period but has not…

A debt that can be found on a balance sheet is deferred income tax. It’s a liability on a balance sheet that arises from a…

The negative income tax (NIT) is a possible tax reform that is often debated in combination with the guaranteed basic income (GBI). It is a…

The earned income credit (EIC), also known as the earned income tax credit (EITC), is a tax credit available to low-to-moderate-income working families in the…

Discretionary income is after-tax income that has been deducted from all contributions that must be made to fulfill current obligations. After paying for required or…

The elimination of a long-term asset from a company’s accounting records is known as asset disposal. It’s a crucial idea since capital assets are essential…

After paying local, state, and federal taxes, disposable income, also known as disposable personal income (DPI), is the money left over from an individual’s salary.…

The marginal propensity to save (MPS) is the percentage of additional income that customers save. It’s the slope of the line that connects saving and…

The average propensity to consume (APC) is the proportion of total disposable income spent on goods and services by households. For both individual consumers and…

The change in imports triggered by a change in income is referred to as the marginal propensity to import (MPM). The theory is that as…