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A per unit tax, or specific tax, is a tax that is defined as a fixed amount for each unit of a good or service sold, such as cents per kilogram. It is thus proportional to the particular quantity of a product sold, regardless of its price. Excise taxes, for instance, fall into this tax category. By contrast, an ad valorem tax is a charge based ...
On-target earnings. " On-track " or " on-target " earnings ( OTE) is a term [1] often seen in job advertisements, especially for sales personnel. It is the expected total pay, if performance matches the expected targets. Actual pay may be higher or lower. The typical pay structure may be composed of a basic salary with an additional amount of ...
A turnover tax is similar to VAT, with the difference that it taxes intermediate and possibly capital goods. It is an indirect tax, typically on an ad valorem basis, applicable to a production process or stage. For example, when manufacturing activity is completed, a tax may be charged on some companies. Sales tax occurs when merchandise has ...
The term "payday" in payday loan refers to when a borrower writes a postdated check to the lender for the payday salary, but receives part of that payday sum in immediate cash from the lender. [1] However, in common parlance, the concept also applies regardless of whether repayment of loans is linked to a borrower's payday.
Date rolling. In finance, date rolling occurs when a payment day or date used to calculate accrued interest falls on a holiday, according to a given business calendar. In this case, the date is moved forward or backward in time such that it falls in a business day, according to the same business calendar. The choice of the date rolling rule is ...
Johnny Paycheck (born Donald Eugene Lytle; May 31, 1938 – February 19, 2003) [1] was an American country music singer and Grand Ole Opry member notable for recording the David Allan Coe song "Take This Job and Shove It". He achieved his greatest success in the 1970s as a force in country music's "outlaw movement" popularized by artists Hank ...
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