Category: General

What is an added bonus?

For the hard work, you all receive a 10% bonus and as an added bonus, you can all take a day off. The expression “added bonus” is a crisp example of redun...

What does 47 brand stand for?

The Red Sox won the American League Pennant in 1946; the brothers thought selling sports pennants might work as well as peddling political ones. So they s...

What is a suspended loss?

A suspended loss is a capital loss that cannot be realized in a given tax year due to passive activity limitations. These losses are, therefore, “suspende...

What is conventional cash?

Conventional cash flow is a series of inward and outward cash flows over time in which there is only one change in the cash flow direction. A conventional...