Why Is There a Cap on the FICA Tax?

Report this additional amount on your annual tax return. Any overpaid Social Security tax can be refunded if you claim the excess as a tax credit when you file your return. This rule applies only to income tax, not to Social Security and Medicare withholdings. If you have earnings subject to self-employment tax, use Schedule […]

Financial Statements for Banks

The RBI website is the base for any serious understanding of bank financial statements and analysis. They can contain the risk through innovative structuring or by taking adequate security, they can take this business which others have rejected. They can earn a high interest rate on loans which others are not in a position to […]

What Are the Big 4 Accounting Firms? Definition and Critique

Though one of the largest and most reputable firms at the time, it ultimately collapsed due to the scandal. EY recently announced a $10 billion investment in company expansion in an attempt to reach more clients and more successfully navigate their needs. During fiscal year 2021, Ernst & Young reported roughly $40 billion of company-wide […]

PERT Chart: The Ultimate Guide with Examples

Prioritization is made simpler since project managers may more easily define priorities and calculate the float of each work by identifying the critical path. Slack or float measures how much time a task may be put off before it affects when it will be finished. The float of non-critical activities is positive, whereas the float […]

Program Evaluation Review Technique PERT Chart Explained

A new building’s electrical system installation, for instance, is not a critical path task because it may be completed over a long period of time. However, project managers can still affect the completion schedule if they overlook wiring work or put it off for too long. Leveraging the three-point estimate technique, the PERT tool is […]