Category: Updates

Does cost include tax?

cost price is the original price of an item. The cost is the total outlay required to produce a product or carry out a service. Selling price (excluding t...

Is loo a slang word?

“Loo” is, of course, slang, primarily British, for the toilet, restroom or bathroom (or whatever your favorite euphemism might be). The origin of “loo” ha...

What is an ET 706?

The executor of a decedent’s estate uses Form 706 to figure the estate tax imposed by Chapter 11 of the Internal Revenue Code. Form 706 is also used to co...