How is US Mortgage PITI calculated?

Mortgage PITI combines Principal & Interest (P&I amortized via standard annuity formula), Monthly Property Taxes, Homeowners Hazard Insurance, and Private Mortgage Insurance (PMI) if the down payment is less than 20%.

How does European VAT calculation work?

To add VAT: Gross = Net × (1 + Rate / 100). To remove VAT from a gross price: Net = Gross / (1 + Rate / 100). VAT Amount = Gross - Net.

What is the tax-free limit under India's New Tax Regime Budget 2025-26?

Under the New Tax Regime (Budget 2025-26), salaried taxpayers receive a ₹75,000 standard deduction and Section 87A tax rebate up to ₹60,000, making taxable income up to ₹12.75 Lakhs effectively tax-free.

How is a 1099 contractor rate compared to a W-2 salary?

Comparing 1099 vs W-2 requires calculating the 15.3% Self-Employment Tax (SECA FICA), subtracting the 50% above-the-line deduction, applying the 20% Section 199A Qualified Business Income (QBI) deduction, and factoring in self-funded health insurance and unpaid PTO. As an established rule of thumb, contractors must bill 1.28x to 1.35x their equivalent W-2 hourly rate to achieve parity.

What is the Section 199A QBI deduction for remote contractors?

Under Section 199A of the Internal Revenue Code, sole proprietors and pass-through LLC contractors can deduct up to 20% of their net qualified business income from their taxable income before calculating federal income taxes, significantly lowering their effective tax rate.

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