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Is it hard to become a marine biologist?

It is a long and arduous journey to becoming a respectable marine biologist. In order to take up a marine biologist career, one needs to choose subjects s...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

What is excise Duty and what is its purpose?

Excise duties are indirect taxes on the sale or use of specific products. They are usually applied as an amount per quantity of the product e.g. per kg / ...

Why do I want to study quantity surveying?

One reason why quantity surveying is an exciting career path is the strategic aspect of the work. The position not only focuses on measuring up the site a...

Who is responsible for income tax?

the Internal Revenue Service (IRS) Both employer and employee hold the responsibility for collecting and remitting withholding taxes to the Internal Reven...

What qualifies you for a W-2?

Companies that pay wages and other payments totaling more than $600 in a calendar year must furnish copies of IRS Form W-2 to employees, including former ...

Does fafsa grant count as income?

Any portion of your Pell grant that is not spent on qualified education expenses is required to be reported as income on your tax return. If you use your ...

How will you apply your learning in real life situation?

Answer Focus on the relevance of what you’re learning. Take time to reflect and self-explain. Use a variety of learning media. Change things up as often a...

What percentage of employer withholds from paycheck for federal taxes?

Employees fill out a W-4 form to inform employers how much tax to withhold from their paycheck based on filing status, dependents, anticipated tax credits...

Why did the progressives support income tax?

The progressives wanted to use an income tax to address their concern about income inequality. In 1913, the requisite number of states ratified the Sixtee...

What does positive deferred income tax mean?

A deferred income tax is a liability recorded on a balance sheet resulting from a difference in income recognition between tax laws and the company’s acco...