Is apy paid monthly but calculated over the year? ($35k x 0.05) / 12 months ≈ $146/month Just double checking that the interest is paid monthly but that it isn’t 5% of the full balance every month. submitted by /u/Firm_Bit

how are the fees calculated and deducted? (vanguard) i have 2 questions. is 0.04% expense ratio decent? i currently have VTSAX and it has 0.04% ER. i dont think i was able to find anything lower than this but i may miss something. even outside vanguard is 0.04% a good ER? how are the $ fees actually calculated and deducted? i checked the transaction history for the past 5 years but i dont see “fe…

How Interest Is Calculated on Your Credit Card Knowing this will help you minimize the amount of interest you pay.

Total Tax Calculated From AGI Instead of Taxable Income? This is my first time filing taxes as an independent contractor and using Free Tax USA so some of these processes are new to me and I could use some clarification. I have my AGI and after taking standard deductions, business expenses, Etc my taxable income is almost half my AGI. Before calculating my taxable income the total Federal tax due was …

Started a new job and federal withholding seems too high, and calculated refund is high. How can I lower my withholdings if I’m using the standard deduction? I just started a new job and the federal tax withholding is much higher than I expected. 29% of the pay was taken for all taxes. I took a couple refund calculators and they both said that I will be getting thousands of dollars in refunds next year. How can I make sure the proper amount of withholding is being used? (i take the standard deduction…

How is T-bill yield calculated? I opened a brokerage account with Charles Schwabb. The 9-month T-bill right now has a YTM of 5.47%. I wanted to buy $10,000 of it, however, the estimated total cost was $9620.22. This means I would only earn about $379.78 in interest right? But wouldn’t 5.47% of $10,000 for 9 months come out to be $410.25? Are there any hidden fees I didn’t know…

Residuals Are Key to Nearly Every Strike in Hollywood History — They are the payments that artists receive for reuse of their work. Unique to the entertainment industry, they are calculated through obscure and mysterious formulas submitted by /u/Neo2199

How is annual salary calculated for a mortgage? So long story short, me and my fiance are considering a house in Maryland. There are certain Maryland first time homebuyer benefits for mortgage such as getting your student loans forgiven (with some criteria to be met). We would meet all the criteria for this loan except for the maximum annual salary. As it stands today we are *literally* $50 o…

LPT: Don’t assume the suggested tip amounts at the bottom of a restaurant bill were calculated correctly. Tip are supposed to be calculated against the pre-tax subtotal, but often restaurants include the tax in the calculations to pad the tip. Sometimes they just flat out make up numbers. photo example of completely made up amounts in my comment below edit: this is not a commentary on tipping culture. I’m simply pointing out that the math is often incorrect on bills, and they are never in your favor. submitted by /u/PluckPubes