“3 Types of Credit”

2580 Search Results

2580 Search Results

What Tax Bracket Am I In?

What Tax Bracket Am I In?

https://www.sofi.com/learn/content/what-tax-bracket-am-i-in/

There are seven federal tax brackets for the 2024 tax year, ranging from 10% to 37%. As a general rule, the more you earn, the higher your tax rate. And the higher your income and tax rate, the more money you will probably owe the IRS (Internal Revenue Service) in taxes. How much you’ll pay […]


How to Refinance a Business Loan

How to Refinance a Business Loan

https://www.sofi.com/learn/content/refinance-business-loan/

Just like mortgages and car loans, small business loans can often be refinanced. Refinancing a business loan can allow you to secure a lower interest rate or loan terms that better align with your company’s financial goals. But there are costs and other considerations to keep in mind. Read on to learn more about refinancing […]


Retained Earnings: Defined and Explained

Retained Earnings: Defined and Explained

https://www.sofi.com/learn/content/what-are-retained-earnings/

Retained Earnings are the profits a business has accumulated that are not distributed as dividends to shareholders but instead are reserved for reinvestment back into the business. These funds can be used for a variety of purposes, including working capital, purchasing fixed assets, and paying off debt. Retained earnings are an important part of any […]


Debt Financing: Definition and Examples

Debt Financing: Definition and Examples

https://www.sofi.com/learn/content/what-is-debt-financing/

Debt financing is when you borrow money to finance your business and then pay it back to the lender (plus interest) over time. It differs from equity financing, which involves bringing in investors who provide financing in exchange for an ownership stake in your company. Examples of debt financing include traditional bank loans, credit cards, […]


What Is Net Income (NI)? Definition, Calculation, and Example

What Is Net Income (NI)? Definition, Calculation, and Example

https://www.sofi.com/learn/content/what-is-net-income/

Net income is the total profit a business makes in a given reporting period after all of its expenses are paid. It’s often referred to as a company’s “bottom line” because it appears at the bottom line of the income statement. Read on for a closer look at what net income is, how to calculate […]


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