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If your tax return shows $8,000.00 in taxes due and you have an $8,000.00 tax credit you pay $0.00 in taxes. If your tax return shows $8,000.00 in taxes and you have an $8,000.00 deduction and a tax rate of 25%, $2,000.00 is reduced from your tax bill (i.e. 25% of $8,000.00). Your tax would be $6,000.00 ($8,000.00 - $6,000.00) Clearly a credit is far better than a deduction. A credit is real money. IS YOUR BUSINESS FACING A FINANCIAL HARDSHIP? The U.S. Small Business Administration (SBA) announced in a news release on May 18, 2009 that: "Beginning on June 15, 2009... [it] will start guaranteeing America's Recovery ...
Personnel management is concerned with the effective use of the skills of people. They may be salespeople in a store, clerks in an office, operators in a factory, or technicians in a research laboratory. In a business, personnel management starts with the recruiting and hiring of qualified people and continues with directing and encouraging their growth as they encounter problems and tensions that arise in working toward established goals. In addition to recruiting and hiring, some of the responsibilities of a personnel manager are: To classify jobs and prepare wage and salary scales. To ... Read More
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