The following Currency Converter will help you know the exchange rate details between two different currencies. Tips on Currency Exchange. Foreign currency and traveler's cheque exchange is available in most of China's cities. Banks, hotels, airports, even the shopping malls will provide such service. In some of the places, the self-service facilities are also equipped to cope with overseas tourists.
Understanding Write-Offs. Write-offs reduce the amount of taxable income you have. For example, if you make $100,000 a year and have $10,000 in write-offs, you would be taxed on only $90,000 in income.In some cases, tax write-offs can lower your federal income tax bracket, reducing the percentage of your taxable income you must pay.or example, if you make $100,000 a year and have $10,000 in write-offs, you would be taxed on only $90,000 in income.
And those are just averages. Depending on how much you earn, 30 percent of your income may actually be more -- or less -- than you can afford to pay in rent. If your income is $500,000 a year, you can pay 40 percent and still have money left,â Frank Nothaft -- the chief economist at Freddie Mac, which uses a 28-percent cutoff on home loans -- told Bloomberg Businessweek in 2014.