A checking account is an account at a financial institution, usually a bank, that allows for deposits and withdrawals. transactional deposit account held at a financial institution that allows for withdrawals and deposits. Money held in a checking account is very liquid, and can be withdrawn using checks, automated cash machines and electronic debits, among other methods.
MHI stands for Medicare Hospital Insurance Tax, and it is mandatory along with other deductions like Federal withholding income tax / social ... After an employee is hired into a Job or has a Job change, Time and Labor Security needs to be set up or may need to be updated.
19th Nov 2009 by Burt Carlson. PMI stands for Private Mortgage Insurance. This is insurance that a mortgage lender gets to insure itself in part from a loss on a loan. MIP is Mortgage Insurance Premium and is the cost of the insurance. On an FHA home loan the borrower is required to pay an up front payment based on a certain percentage of the loan amount. This is called the Up Front Mortgage Insurance Premium (UFMIP) and is included in the costs of an FHA loan. FHA also requires that a borrower pay a certain percentage of the loan amount monthly toward mortgage insurance.