Articles
Should You Put
Your Family Member
on the Payroll?
Accounting for
Computer Software
Costs
Receiving Employer
Stock from a
Company Plan
Nonqualified Plans
for Top Execs
Sections
Sponsor
At many companies, even
the head honchos are having to make do with smaller offices these days. According to
International Facility Management Association, the average personal office of someone in
upper management was just 280 square feet in 1997, down from 289 square feet in 1994.
Middle managers' offices average 142 square feet.
What prompts people to take out a home equity loan? Some 30% borrow for home improvements, 10% for tuition, and 6% for a car. The primary motivation, though, is to consolidate debt. This reason was cited for 40% of the borrowers surveyed by Consumers Bankers Association.
With a median of just $65,000 invested
in their 401 (k) plans thus far, the Baby Boomers responding to a recent survey by Scudder
Kemper Investments still have a long way to go if they expect their 401 (k) savings to
provide the money they'll need for a leisurely retirement.
A taxable estate of up to $625,000 pays no federal estate taxes in 1998, assuming the decedent made no taxable gifts during life that used up part of his/her unified credit.
The first-year depreciation deduction for a business auto can't exceed $3,160 in 1998.
