With a direct tax, you pay the tax to the entity that imposed it. Examples include income tax, real property tax, personal property tax, and taxes on assets, all of which are paid by an individual ...

OCI represents the balance between net income and comprehensive income. A common example of OCI is a portfolio of bonds that have not yet matured and, consequently, haven't been redeemed.

Active income is earned from working, while passive income usually comes from investments. While active income is often more secure, passive income can be a great addition to your financial plan ...