INCOME TAX PAYABLE
Account in the current liabilities section of a firm’s balance sheet, which receives funds to settle tax obligations within a year. It is computed based on the prevailing tax law in the firm’s home country, which may fluctuate or increase.
POPULAR TERMS
Bearish Belt Hold
During an ascending trend there is a candlestick pattern that is being formed called bearish belt hold. This is what appears in the pattern: coming ...
Direct Tax
A tax directly paid by a person or organization to the entity imposing it.
Conversion Rate
Ratio at which a currency can be converted for another. Also called exchange rate.
Cracking
Method of breaking down a larger product into smaller by-products. Used in the oil and gas industry, this can be accomplished by employing various ...
Penetration Pricing
Firms use this marketing strategy to entice customers to a new service or product. It is basically offering a low price during its initial offer to ...
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SEE FOREX TUTORIAL
Digesting Financial Statements: Introduction
Financial statements open a window how healthy a company is (in terms of finances). This document presents the financial activities of a person or ...
Digesting Financial Statements: Earnings
For assessing how a company performed in a given period, the relation between income and cash flow statements should be taken into account. Several ...
Student Loans: Repaying Debts Faster
Student loans may not be paid overnight, but we want to pay it off in a fastest way possible. Is it possible?
Before anything else, one h ...
Retirement Planning: Allocating Money for Retirement
In the previous tutorial, we outlined the significance of retirement. Now, let’s talk about the how in retirement planning.
“ ...
A Guide to Your Personal Income Tax: Basics
For many filing your personal income tax is one of the most frustrating things to do. However, by planning ahead and pacing yourself, doing your ta ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 03:00 | ANZ Commodity Prices | Jun | |
| 03:00 | MI Inflation Gauge | Jun | |
| 03:30 | ANZ Jobs Advertisements | Jun | |
| 08:00 | Factory Orders | May | |
| 10:30 | Construction PMI | Jun | |
| 10:30 | Housing Equity Withdrawal | 1 quarter | |
| 10:30 | Sentix Investor Confidence | Jul | |
| 11:00 | Retail Sales | May | |
| 15:45 | Final Services PMI | Jun |
