EconGuru Economics Guide RSS Syndication

Submit a Guest Post on EconGuru.com!

© Copyright 2006 - 2011 EconGuru.com. All rights reserved. Assets marked and linked to the original sources are hereby used for educational purposes only and are copyrighted by their respective owners.

Subscribe to EconGuru.

What is 1099-MISC?

1099-MISC formAs well as income earned as an employee there will also be money that we receive elsewhere that is subject to tax. The 1099-MISC form is related to this other type of income with the ‘MISC’ standing for ‘miscellaneous’. Like all other tax forms it is important to fill this one out correctly and to get advice if you are unsure about the information it should contain. Failure to declare any type of miscellaneous income could lead to problems later and so will be best avoided.

Read the rest of this entry »

What is Free Trade?

Free trade is an issue of great importance for those in business and consumers around the world. It refers to the right to sell goods and services around the world without any hindrance. With free trade the only thing determining the price of things will be supply and demand factors. As well as goods and services, free trade can also refer to the ability of labor to move freely around the world. The issue of free trade is a highly contentious one, and both sides of the debate can provide persuasive arguments for their position.

Read the rest of this entry »

What is a Form W-9?

If you work as a freelancer in the US then the chances are that you are going to need to submit a Form W-9. While this form will be used for tax purposes you don’t actually use it to pay taxes.  This only form applies to people who actually work in the States as a freelancer – those outside the US will generally need to send a W-8.

Read the rest of this entry »

What is a Tariff?

The word ‘Tariff’ is Arabic in origin and it basically means ‘that fees need to be paid’. When we use the word ‘tariff’ in economics we are referring to a tax that is placed on imported goods, but it can apply to exported goods as well. There are a number of good reasons why a tariff might be placed on goods, but there are economists who argue against the use of this type of tax – they see it as interfering in the free market.

Read the rest of this entry »

EconGuru Economics Guide

Educating the public since 2006.

As an Amazon Associate, EconGuru earns from qualifying purchases.