As part of that agreement and in return for a partial payment, the credit card company canceled the unpaid balance of the credit card account.
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During the 2009 program, the FBAR penalty was 20% of the highest account balance.
In addition, the shrinking balance sheet of GE Capital on account of the sale of its commercial real estate holdings is expected to impact its results.
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Since the current-account balance equals the net saving of the private and public sectors, a budget deficit boosts the external deficit.
The maximum loan by law is 50% of the vested account balance, and must be repaid within five years through payroll deductions.
Secondary distribution of income account reflects the transformation of the balance of primary incomes by sectors into their disposable incomes, as a result of receipts and payments of current transfers.
Then compare the details of each account: What is the minimum balance to avoid monthly fees?
Under the OVDI, taxpayers are subject to a penalty equal to 25 percent of the highest aggregate account balance on their undisclosed account(s) between 2003 and 2010.
Oil imports into the United States account for the vast majority of our negative balance of payments.
The evidence of the new balance is clearer when national identities are taken into account.
As such, recent trends in trade flows and the balance of payments suggest that the current account deficit for this fiscal year will likely reach a record of about 5% of GDP before narrowing closer to 4% next year.
Achieving greater clarity in government policies, avoiding the temptation to micromanage markets, and remaining open to innovation should be overarching strategies that take into account the shifting international balance of power.
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For the next six months, they pretended they only earned half of their actual income, piling up the balance in a savings account.
Beyond mid-year, we expect a steady decline of the trade balance to reduce the current account.
The remaining balance of those other sources (a taxable investment account) is to be distributed to his alma mater per his will.
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You can then take steps like making sure you have the minimum balance in your account(s), replacing paper statements with electronic ones, and avoiding the use of high cost ATM and debit cards.
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The balance of payments always balances when all transactions are taken into account.
With the "60% Solution, " you don't really need to track your expenses because your checking account balance should ideally be equal to the amount of money that you will spend each month.
Unlike a pre-tax healthcare flexible spending account, where you forfeit any unused balance at the end of the year under the use-it-or-lose-it rule, you can roll over any unused balance with an HSA, building a tax-free healthcare retirement kitty.
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IMF, and Maurice Obstfeld, an economist at the University of California at Berkeley, reckon it will take a fall of closer to 35% to get the current account back into balance.
The current account is in surplus, but at some point a falling trade balance could send the current account into deficit, creating huge dangers and risk of macro financial market disruption.
Russia still had a current-account surplus last year, but if oil prices continue their recent decline, the balance of payments will soon look less healthy and the need for foreign investment may become more urgent.
In a cash-balance plan, the company contributes a set amount of salary for each worker every year to a theoretical account for him (even though the money is actually managed in one big pot), and then credits his account with some guaranteed annual return--typically the yield on 30-year Treasuries.
The accounting rules allow companies to move debt off their balance sheet by employing operating leases instead of capital leases to account for certain assets.
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Regulators say holding back a small amount of customer cash would decrease the amount of capital that firms would have to hold in reserve and compare the idea to a minimum account balance required by banks.
However, imports of gold as well as petroleum -- the items largely responsible for India's unfavorable current account balance -- remained high during February.
For example, where there are many deposits to a bank account, some of which are allegedly structured and some of which are not, and there are many withdrawals from the bank account, so that the account balance turns over frequently, it is impossible to trace the balance in the account at any given time to one or more specific, allegedly structured, deposits.
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