What company does JCPenney use for 401k?
Penney’s defined benefit plan is fully funded and is insured by the Pension Benefit Guaranty Corp., which will assume the plan’s assets and the responsibi...
Knowledge Base
Latest insights and tutorials from the The Daily Horizon team.
Are medical deductions limited?
You may deduct only the amount of your total medical expenses that exceed 7.5% of your adjusted gross income. You figure the amount you’re allowed to dedu...
Read More →Can I invest in 401k and SEP?
Answer: Yes – As long as the SEP IRA plan and the 401(k) plan are offered by separate companies. If you don’t own the company that pays you a W-2, you can...
Read More →Why did I receive a check from my 401k?
The reason a person receives a 401(k) refund check is most likely that the employer’s plan has failed one or both of these tests, which prevents the emplo...
Read More →Does my child have to change school if we move in Texas?
If you’re only moving across town and your new home is located in the school catchment area, then your child will, of course, stay in the same school. You...
Read More →How much does it cost to lease vs buy a car?
In terms of out-of-pocket spending, leasing costs $2,584 less over six years than buying a new car, excluding any maintenance and repair costs the new car...
Read More →How is the sale of a business taxed?
You will be taxed on the profit you make from selling the business. Profit received from the sale of the business assets will most likely be taxed at capi...
Read More →What suggestions make a company a better place to work?
As a boss or an employee, here are a few steps and measures that can help you in making your organisation a great place to work: Treat employees with resp...
Read More →Why did I receive a Way2Go card in the mail?
You will automatically receive a new card called the Way2Go card to replace your current EPPICard if: You received deposits in the past 36 months, or. You...
Read More →How does a subprime loan work?
A subprime mortgage carries an interest rate higher than the rates of prime mortgages. The higher interest rate is intended to compensate the lender for a...
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