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  2. Incurred but not reported - Wikipedia

    en.wikipedia.org/wiki/Incurred_but_not_reported

    For example, when a claim is first reported, a $100 payment might be made, and a $900 case reserve might be established, for a total initial reported amount of $1000. However, the claim may later settle for a larger amount, resulting in $2000 of payments from the insurer to the claimant before the claim is closed.

  3. Earned income tax credit - Wikipedia

    en.wikipedia.org/wiki/Earned_income_tax_credit

    Tax credit equals $0.34 for each dollar of earned income for income up to $10,540. For income between $10,540 and $19,330, the tax credit is a constant "plateau" at $3,584. For income between $19,330 and $41,765, the tax credit decreases by $0.1598 for each dollar earned over $19,330. For income over $41,765, the tax credit is zero. [37]

  4. Tax credit - Wikipedia

    en.wikipedia.org/wiki/Tax_credit

    A tax credit is a tax incentive which allows certain taxpayers to subtract the amount of the credit they have accrued from the total they owe the state. [1] It may also be a credit granted in recognition of taxes already paid or a form of state "discount" applied in certain cases. Another way to think of a tax credit is as a rebate.

  5. Fiscal multiplier - Wikipedia

    en.wikipedia.org/wiki/Fiscal_multiplier

    The other important aspect of the multiplier is that to the extent that government spending generates new consumption, it also generates "new" tax revenues. For example, when money is spent in a shop, purchases taxes such as VAT are paid on the expenditure, and the shopkeeper earns a higher income, and thus pays more income taxes.

  6. Tax cut - Wikipedia

    en.wikipedia.org/wiki/Tax_cut

    Credit: A reduction in the amount of tax paid. Credits are usually fixed amounts. A tuition tax credit reduces the amount of tax paid by the amount of the credit. Credits can be refundable, i.e., the credit is given to the taxpayer even when no actual taxes are paid (such as when deductions exceed income). Exemption

  7. Savings interest rates today: Why earn pennies when you ... - AOL

    www.aol.com/finance/savings-interest-rates-today...

    Key terms to know Annual percentage yield. Called the APY, this is the total amount of interest you'll earn on your deposit over one year, including compound interest , expressed as a percentage.

  8. Supreme Court of the United States - Wikipedia

    en.wikipedia.org/wiki/Supreme_Court_of_the...

    Although it has not happened since 1794 in the case of Georgia v. Brailsford, [203] parties in an action at law in which the Supreme Court has original jurisdiction may request that a jury determine issues of fact. [204] Georgia v. Brailsford remains the only case in which the court has empaneled a jury, in this case a special jury. [205]

  9. AOL Mail

    mail.aol.com

    Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!