For example, if you have a mortgage on a house with a market value of $200,000 and the balance on your loan is $150,000, you can add $50,000 to your net worth. Your income is not included in a net ...

If you don’t know what Net Investment Income Tax (NIIT) is, you’re not alone. This relatively new tax began a little over a ...

A financial document generated monthly and/or annually that reports the earnings of a company by stating all relevant revenues (or gross income) and expenses in order to calculate net income.

By the time I left home, saving a portion of my income was something deeply ingrained in my way of thinking. So, I carried that idea forward into my adult life. Although I definitely wasn't always ...

Income can be divided into several categories, including gross versus net income and earned versus unearned income. Income is a form of compensation or benefits received for work performed or from ...