A parsonage allowance is money that a church pays to its minister for housing. It is also called a housing allowance or a rental allowance. The parsonage allowance is not taxed as income, but it is taxed as self-employment. How Does It Work? To get the parsonage allowance, a minister must do three things: A…
Twitch is a platform where users can stream various types of content live. Gaming sessions, music performances, creative projects, and other activities are some examples of what users can broadcast to millions of viewers. Justin Kan and Emmett Shear founded a general content streaming service called Justin. tv in 2007. In 2011, they spun off…
Interest rate parity (IRP) is a theory. It tells us how interest rates and currency rates are related. IRP says that the difference between the interest rates of the two countries is the same as the difference between the future currency rate and the current currency rate. The future currency rate is the rate that…
If you own a credit card, you know that you receive monthly statements detailing your transactions, payments, and other important information. But how long should you keep those statements? Should you keep them indefinitely or is there a specific timeframe you should follow? In this article, we will discuss the recommended duration for keeping credit…
