What Is Cyclical Unemployment? Cyclical unemployment is a specific type of unemployment that results in temporary high unemployment rates. It is caused by a downturn in the business cycle with reduced demand for goods and labor. Cyclical unemployment is a component of overall or aggregate unemployment. It occurs naturally during […]
FUTA Meaning – Federal Unemployment Tax Act FUTA Meaning: The Federal Unemployment Tax Act (FUTA) is federal legislation that imposes a payroll tax on any business with employees. The revenue it generates is allocated to state unemployment insurance agencies. These funds are used to pay unemployment benefits for people who […]
What Is Fair Market Value (FMV)? FMV or Fair Market Value is the price that a willing buyer will pay to a willing seller. It further assumes that both parties are knowledgeable and unrelated and neither is forced to make the deal. Fair market value (FMV) in real estate is […]
What Is a Schedule F: Profit or Loss from Farming? Schedule F (Form 1040) is used by farmers who operate as sole proprietors to report their farming income and claim their expense deductions. If you are a farmer and your farming business is a sole proprietorship, you must use Schedule […]
What is Net Change? Net change refers to the difference in the closing price of a stock, bond, or other traded financial instrument from one period to the next. In general, net change is the difference between a previous value and its current value. In the stock market, it most […]
What Is a Purchase Money Security Interest (PMSI)? A Purchase Money Security Interest (PMSI) is a security agreement where a lender loans purchase money for certain goods which are then pledged to the lender as collateral for the loan. In other words, the lender uses the goods purchased as collateral […]