Medical Transcription Career

A few studies have shown that a Medical Transcriptionist jobs are expected to increase faster than the average level amongst all occupations through the next decade. If you are looking for a career and you are interested in the health care industry, but you also would like to have time and flexibility, then a medical transcription career might be the perfect idea for you!

As a medical transcriptionist, you will be responsible for listening to recorded dictation from physicians and other medical professionals and transforming the audio into written documents which can be printed off in hard copy form or save in a computer file. Due to the fact that there is a lot of typing involved with medical transcriptionist jobs, it is very important that you have excellent typing skills or are able to train and obtain them after completing your training coursework. The better and more accurate you are typing up your documents, the more you will typically get paid and the easier it will be for you to test well and get hired by an MT company. Another important skill set to have is a broad knowledge of grammar and the English language. If you are not a good speller or hated English in school, then you might need to work a little harder at training to raise that skill set, because it is used a lot throughout the transcription process, but it is not unachievable!

A great place to gain the aforementioned skill sets is through an online certification course. Choosing an online school for your certification can be one of the best first steps you can make because it will save you a great deal of time and money and allow you to jump right into starting your new career. Unlike other college settings, online medical transcription schools generally cut out the fluff and teach you simply what you need to know to start your career.

Starting a career in medical transcription is a great way to provide for yourself or your family without having to spend a lot of money and time training. Once you complete your certification and start to look for employment you will even have the option to work from home! Since the number of available jobs in the field is expected to continue increasing, your chances are really good for getting hired and you really have nothing to lose. For more information on how to start, visit…

How Are Lottery Winnings Taxed in America?

In the United States of America, you have access to some of the biggest lottery draws in the world. Mega Millions and Powerball pay out lottery jackpots worth hundreds of millions of dollars on a regular basis, but winners of these generous prizes must pay out a significant portion of their prize money in taxes with each state dictating its own requirements on how much money prize winners should part with.

Absolutely every lottery jackpot that is won in America worth over $5000 is subjected to a federal tax of 25%. This money is used to fund a wide range of government programs, including education grants. So, while it may seem unfair that a quarter of your winnings are being given to the government, you can rest assured that they are being used for a good cause.

On top of the federal tax, there is also a state tax. The amount of taxes you pay depends on the state in which you purchased the ticket and your state of residence. These taxes are allocated to government programs on a state level, rather than going to federal programs.

There are some states across America that do not charge taxes on lottery winnings. They are: Washington, Texas, Tenessee, South Dakota, New Hampshire, Pennsylvania, Delaware and California. The states with the lowest taxes (4% and less) are: Colorado, Missouri, Indiana, North Dakota, Oklahoma and Virginia.

Arizona, Illinois, Iowa, Kansas, Maine, Massachusetts and Nebraska charge a 5% tax on all lottery winnings. The states that charge the highest lottery taxes are: Washington, D.C., Oregon, New York, New Jersey and Maryland. Their lottery taxes exceed 8%, with New Jersey charging an enormous 10.8%.

Individual cities also benefit from lottery taxes. Compared to federal and state taxes, these are quite low. These tax rates rarely exceed 3%.

You can choose to accept your lottery winnings in a lump sum or in annuity payments, receiving installments on a yearly basis. Each of these options is taxed at 25%, but you should note that the lump sum total is always smaller than the total of the annuity payments.

So, a $20 million lottery prize will vary greatly depending on where it is won and how you choose to be paid. For example, if you win the lottery in California, your lump sum prize would be worth $11.25 million and your annuity payments would total almost $15 million by the end of 26 years. If you win the lottery in New Jersey, your lump sum would be worth $9.5 million and your annuities would be worth just over $12.8 million.…