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Accounting > Above The Line
The following information is about Above The Line.
Above The Line Defined
in accounting denotes revenue and expense items that enter fully and directly into the calculation of periodic net incomein contrast to below the line items that affect capital accounts directly and net income only indirectly.for the individualis a term derived from a solid bold line on Form 1040 and 1040A above the line for adjusted gross income. Items above the line prior to coming to adjusted gross incomefor examplecan include: IRA contributionshalf of the self-employment taxself-employed health insurance deductionKeogh retirement plan and self-employed SEP deductionpenalty on early withdrawal of savingsand alimony paid. A taxpayer can take deductions above the line and still claim the standard deduction.
This definition is in context to Accounting. See more contextual defintions for Above The Line.
Oil Dealers Are Feeling The Credit Squeeze
Published October 6, 2008, 8:22 am, New London Day
Consumers are not the only ones with oil bills to pay. Home-heating-oil dealers who buy inventory daily have only seven to 10 days to pay their
IMAX Corporation Announces New Revolving Letter of Credit Facility with Bank of Montreal
Published October 6, 2008, 4:30 am, CNW Group via Yahoo! Finance
IMAX Corporation today announced a new $10 million revolving letter of credit facility with Bank of Montreal, replacing its existing $5 million LC facility with the same bank. This line, in addition to IMAX's existing $40 million credit facility and cash on hand, further strengthens the Company's financial capacity to roll out its joint venture digital projection systems.
IMAX Corporation Announces New Revolving Letter of Credit Facility with Bank of Montreal
Published October 6, 2008, 4:30 am, PR Newswire via Yahoo! Finance
out of Joint Venture Digital
Depression Deepening
Published October 5, 2008, 7:29 pm, GoldSeek.com
By: David N. Vaughn, Gold Letter, Inc. We definitely live in interesting times, huh? I believe future historians will allocate Monday, September 29, 2008 as the start of the second Great Depression. That is not to say we may yet see exciting corrections and even occasionally a stronger US dollar.
FCI buys 7 lakh tonnes of rice in 5 days of '09 season
Published October 5, 2008, 1:24 pm, The Economic Times
The better-than-expected start may boost the comfort level of the UPA government and ease pressure on it to boost the floor price for paddy to bring it on a par with wheat at Rs 1,000 per quintal.
Ready for More Bailouts? Congress Debates Corporate Welfare, Ignores Free-Market Reforms
Published October 5, 2008, 12:40 pm, Accuracy In Media
The massive $700 billion-plus bailout plan to have the federal government buy up bad mortgages that was defeated in the House Monday would have been a massive transfer of wealth - from the American taxpayer to Washington bureaucrats to funnel to favored investors.
Fishing for rights
Published October 5, 2008, 12:08 pm, Business Standard India
Tight market conditions are pushing Indian companies to tap their shareholder base to fund expansions and acquisitions. The credit crisis which erupted in January 2008 and the subsequent crash in equities have made it difficult for Indian promoters to raise funds.
District 3 Commission Candidates Address Local Problems
Published October 5, 2008, 11:07 am, Dade County Sentinel
This week the Dade County Sentinel is covering the District 3 County Commissioner race in our series of stories on state and local elections. In the District 3 Commissioner race, Republican Robert Goff is facing Independent candidate Cary Carter in the November 4 elections.
Robert Peston
Published October 5, 2008, 12:08 am, BBC News
Is there a possible cure out there for the credit crunch?
Riding the wave
Published October 4, 2008, 10:00 pm, Kelowna Capital News
Reverend David Van Essen cycled around the world—twice. Fortunately, he never had to climb the Alps, skirt the Saraha, or tackle a Siberian winter on slick road tires.
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Off-site Above The Line Links, User Submitted
The following links have been collected through user bookmark submission in the Above The Line category. Please note, because these resources are off-site we cannot guarantee the accuracy or quality of any information.
Wed Jun 11
- Above The Treetops: ...
Wed Jan 30
- The Rouge Wave: Who Needs Sleep?
Fri Aug 24
Wed Aug 1
- VEA - Soorten communicatie: soorten communicatie
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