Discover what sundry income is, its impact on business finances, and see examples such as royalties and late fees. Learn how ...

Passive income is money earned with little ongoing effort or involvement after an upfront investment of time, funds, or resources. Unlike traditional income, which is earned through direct labor or ...

High-yield fixed-income investments aim to provide steady income, capital preservation and higher returns than traditional fixed-income assets like government bonds or savings accounts. Although these ...

Cassie is a former deputy editor who collaborated with teams around the world while living in the beautiful hills of Kentucky. Focusing on bringing growth to small businesses, she is passionate about ...

Interest income and dividend income are two ways that investors can earn money from their holdings. However, they come from very different sources and have different tax treatments. Interest income ...

Your taxable income is your federal tax liability based on both earned and unearned income received during the tax year. An individual’s taxable income is the amount of money they’ve received over the ...

Social Security takes a whopping 12.4 percent of American workers’ paychecks, but a new backgrounder by The Heritage Foundation shows that workers are getting a bad deal from the program. Despite its ...

A business' demand for a good is based on the price of the good. When prices rise, the business will buy less of the good. When prices drop, the business will purchase more of the good. A business' ...

Home-based business owners are eligible for a number of tax deductions for the expenses of running their operations. According to the U.S. Internal Revenue Service, the taxpayer must be able to ...

Discover what medical expenses are deductible, including examples like insurance premiums and prescriptions, and learn how ...

Rachel Greszler is a senior research fellow in workforce and public finance in the Thomas A. Roe Institute for economic policy studies at The Heritage Foundation. Read her research. Julia Howe is a ...