Written by Anthony Carter ·
Filed under Personal Finance
As 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.
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Written by Anthony Carter ·
Filed under Basic Economic Concepts, International Economics
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.
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Written by Anthony Carter ·
Filed under Personal Finance
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.
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Written by Anthony Carter ·
Filed under Basic Economic Concepts, International Economics
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.
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