The Daily Horizon

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Who are some famous people that died in 2008?

Feb 9 Scott Halpin, a one time drummer of The Who. Feb 11 Tom Lantos, member of the United States House of Representatives (b. 1928) Feb 24 Larry Norman, ...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Does pregnancy-related illness count as sick leave?

Your employer must record any pregnancy-related sickness absence separately from other sick leave, so that pregnancy-related sickness absence is ignored a...

What does payment money hold mean?

If you’ve ever checked your credit card or bank account after a gas station purchase or during a hotel stay and noticed “pending” charges larger than what...

How do you calculate gross domestic product?

Accordingly, GDP is defined by the following formula: GDP = Consumption + Investment + Government Spending + Net Exports or more succinctly as GDP = C + I...

Does Social Security take care of Medicare?

Social Security enrolls you in Original Medicare (Part A and Part B). Medicare Part B (medical insurance) helps pay for services from doctors and other he...

Can I make regular withdrawals from my 401k?

Yes, you always have the right to withdraw some or all of your contributions and their earnings, but it’s not always that black and white. Every withdrawa...

Is cost accounting hard?

Many accountants will tell you that cost accounting is the most difficult accounting subject to learn. That’s because cost accounting has many terms that ...

What is the objective of accounting for income taxes?

The objectives of accounting for income taxes are to recognize (a) the amount of taxes payable or refundable for the current year and (b) deferred tax lia...

Can I combine 2 credit card limits?

You can call your issuer and ask to combine your accounts but keep your total credit limit from all the cards rather than simply closing the cards you no ...

What is the rule for full and final settlement?

“Under the current Payment of Wages Act, 1936 there is no specific time limit for making full and final settlement payment on resignation of an employee,”...