Posts Tagged ‘Finance’
Home Business Tax Calculator

Question: For anyone who has time- math / language arts?
Bobo was walking down the street one day minding his own business when a man wearing an advertising sign came up to him and handed him a flyer. It said:
Double discounts
on spring jackets. All are on sale now for 25% off, but with this special coupon, you can receive an additional 10% off.
~for Example:
regular price-$ 47.00
25% off- -$11.75
sale price- $35.25
coupon price- ONLY $30.55
You Save $16.45
No Sales tax
(remeber 10% Off)
Bobo selected a jacket which regular price of $123.00. The sales clerk told him that the amount he owned not including sales tax was $83.00, so he paid for the jacket and went home.
When he got home he took out his trusty calculator and was surprised that the clerk had overcharged him. He thought that he should pay only $79.95 plus tax. please help me with the math and a letter to prove that this is right.
Answer: Bobo is unfortunately mistaken. The reason this is so is because the flyer is wrong. The flyer actually is taking 35% off the discount price which is more than what the flyer actually is. Read the flyer carefully, it says to take 25% off and then an additional 10% off. This does not equal 35%. It ends up equalling around 32.5% off. Does this make sense? So, in the example, you really only save $15.28. So, when you approach Bobo, you either need to take a 32.5% discount or take a 25% discount and an additional 10% off. To do this, I’ve worked it out step by step for you below.
$123.00 x .75 [this is the actual amount he will pay.] = $92.25
$92.25 x .9 = $83.025 or $83.
Another way to do this is:
$123.00 x .25 = $30.75
$123.00 – $30.75 = $92.25
$92.25 x .1 = $9.225
$92.25 – $9.225 = $83.025 or $83
There is one other way to do this and that is to just take the actual total % off:
$123.00 x .325 = $39.975
$123 – $39.975 = $83.025 or $83
Hope this helps!
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Quicken Home Business Online

Question: Quicken, how does one “jump in” and learn how to use it for the first time ?
I am good with numbers and have done simple budgets for my household over the years, I’m in my 50’s, but I have Quicken 2007 Business and home and I’m thinking I don’t want to transport my banking info online. Can I do quicken manually and is the dummie book for it good ? I bought it cheaper without a printed out manual. HElp ? I just want to start small and I’m on a fixed income so it should be easy to start ?
Answer: You do not have to use the online banking to use Quicken. You can enter all the information yourself and then it will only be on your computer’s hard drive, not out on any other website on the Internet.
I would start by creating a checking account. On my Quicken 2006 Deluxe, you can do that by clicking Cash Flow, then Cash Flow Accounts, then Add Account. As I recall, it asks you for a little information and the date and amount you want to start the account with. Then you can start entering transactions. After you get comfortable with that, you can try some other things.
There is help in the program itself that you can use if you need to. Just click on the “Help” link at the top. I haven’t used the “Dummies” book, but I’ve generally heard good things about that whole series.
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Home Business No Investment

Question: Do “work from home” at no investment, really exists in a country like india?
I am a graduate in business management, and looking for a work which can be done from home, using internet or just paper work.
Can anyone pls help me by providing with useful information.
Answer: So, let me see, you graduated in business management and then you come to yahoo answers asking for advice on how to get a job?
Why? From what I know being a “a graduate in business management” means you are now supposed to know how to run a business, so why not start selling a carrot for a profit then with the profit buy two carrots and so on till you have a field of carrots?
Isn’t that what they teach at business management school?.
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Work From Home Accounting Jobs

Question: I want to work from home w/out the typical stuffing envelopes, accounting, or do a ‘party planning’ job? ideas
Answer: how about Purse Parties?
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Home Business Tax Tips

Question: Any tips on starting a catering business from home?
I am not wanting to make a living. I just want some extra money and more or less a hobby. I was wondering if anyone had any business tips. Also, what percentage of utilities are tax deductible? What other tax deductions are there. What if my deductions are more than earnings? I’m thinking of doing cakes for showers and parties. Any bakery tips would be appreciated as well. Thanks in advance!
Answer: Most of your tax questions relate to where you are located. Use the resources below and drill down to get the specific information that you need.
Use this basic checklist to make sure all the important steps are taken before you launch your new venture. This business checklist will make sure that you cross all your t’s and dot all your i’s before your business launch.
Steps to Starting a Business -
http://www.developer-resource.com/starting-a-business.htm
Other sites you might find helpful are:
SBA – http://www.sba.gov/
SCORE – http://www.score.org
Small Business Resource – http://www.small-business-software.net
Business Link – http://www.businesslink.gov.uk/bdotg/action/homeGoodluck!
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