Marginal Rate

What does it mean? Marginal Rate or the marginal tax rate refers to the percentage of your taxable income above a certain defined threshold. It is only applied for each tax bracket that you qualify for. The more income you make, the more taxes you owe as it is simply a percentage of your actual […]

Mutual Funds

What does it mean? A mutual fund pools together the money from investors and invests it on their behalf. The money is usually invested in stocks, bonds, money market instruments and so on.  Mutual funds are a recommended option for individuals who are not too familiar with the concept of  investing.  Points to remember The […]