How do you write a check with cents?
"In the US, Section 3.114 of the Uniform Commercial Code sets the rules for how any confusion in checks or other business transactions is handled: “If an instrument contains contradictory terms, typewritten terms prevail over printed terms, handwritten terms prevail over both, and words prevail over numbers.”  If there was any ambiguity in the way you wrote out the amount, the institution will compare the two fields (the written words and the courtesy box (digits)) to see if the ambiguity can be resolved.  The reality is that the busy tellers and ATM operators typically are going to look at the numeric digits first. So even if they happen to notice the traditional ""and..."" missing, it seems highly unlikely that such an omission would cause enough ambiguity between these the two fields to reject the payment. Common sense dictates here. I wouldn't worry about it."
"If you start an LLC with you as the sole member it will be considered a disregarded entity.  This basically means that you have the protection of being a company, but all your revenues will go on your personal tax return and be taxed at whatever rate your personal rate calculates to based on your situation.  Now here is the good stuff.  If you file Form 2553 you can change your sole member LLC to file as an S Corp.  Once you have done this it changes the game on how you can pay out what your company makes.  You will need to employ yourself and give a ""reasonable"" salary.  This will be reported to the IRS and you will file your normal tax returns and they will be taxed based on your situation. Now as the sole member you can then pay yourself ""distribution to share holders"" from your account and this money is not subject to normal fica and social security tax (check with your tax guy) and MAKE SURE to document correctly.  The other thing is that on that same form you can elect to have a different fiscal year than the standard calendar IRS tax year.  This means that you could then take part of profits in one tax year and part in another so that you don't bump yourself into another tax bracket.  Example:  You cut a deal and the company makes 100,000 in profit that you want to take as a distribution.  If you wrote yourself a check for all of it then it could put you into another tax bracket.  If your fiscal year were to end say on sept 30 and you cut the deal before that date then you could write say 50,000 this year and then on jan 1 write the other check." "You are legally able to contribute more than 4% to your 401(k) (unless you've hit the actual limit).  There is no reason you need to pull out your ""extra"" contribution.  So basically they just want their $27.50 back. So offer (via email or writing) to send them a check.  You obviously don't work there any more, so if they insist it comes from your IRA or are not willing to accept a check, tell them to @%#&* off (OK, not really, that would be unprofessional, but that's the general idea).  They overpaid you by $27.50, and you are legally bound to return the extra pay, but not to put up with their BS.  Tell them you've offered to pay, and if they don't want to accept a check, they can sue you for it to try to get it in the form they prefer (which they won't do, and even if they did, at most the judge would just tell you to write a check - which you offered from the outset, so they'd probably owe your legal fees)." In the United States most residential real estate transactions employ a title company to process all the paperwork and transfer all the funds. Some paperwork has to be filed with the local government, but they also have to deal with the banks/mortgage companies on the two ends of the transaction. At closing both parties will sign a ton of paperwork all of which was coordinated by the title company. As for the funds: The buyer will write a check; the lender will send over the loan commitment papers for the rest of the money.  How much money: that depends on the purchase price, the deposit, the down payment, the taxes and fees, an other closing costs they are responsible for (initial escrow, inspection, title insurance...).  The seller hopefully doesn't have to write a check, but if they underwater they will have to bring funds to closing. From the incoming funds the title company will send money to the old lender, the real estate agents, the local government to record the deed.  The sellers escrow money with the old lender may end up being sent back to the seller or some of the funds could be transferred to the buyer to help cover the portion of the real estate taxes. From the perspective of the buyer they will only write two checks (one at the start of the process for the deposit, and one on closing day for their portion of the transaction. The seller will hopefully walk away with a check. Of course determining if they will owe taxes for the transaction depends on a lot more information. "One easy way to monitor costs in QuickBooks is to establish sub-bank accounts.   For example, you may have an asset account called ""State Bank"" numbered 11100 (asset, cash and cash equivalents, bank). Convert this to a parent account for a middle school by making subaccounts such as At budget formation, transfer $800 from Operations 11110 to Family Fun Committee 11130.  Then write all checks for Family Fun from the Family Fun 11130 subaccount.   For fundraising, transfer $0 at budget formation to the X Grade accounts.  Do deposit all grade-level receipts into the appropriate grade-level subaccounts and write all checks for the grades from the grade-level subaccounts.   The downside to the above is that reconciling the check book each month is slightly more complicated because you will be reconciling one monthly paper bank statement to multiple virtual subaccounts. Also, you must remember to never write a check from the parent ""State Bank"" 11100, and instead write the checks from the appropriate subaccounts." Context clues hun. I was talking about if you go to Chilis and swipe your card for $20 and leave a $5 tip the processing amount the bank takes into account when telling you your available balance is much more likely to be $23 than $25. So the bank knows I went to Chilis the second I swipe my card, but doesnt know the exact amount. I was saying a lot of people dont understand that. They see they spent X at Chilis (processing) and assume it to be fact. I don't understand why you're having such a difficult time with this concept.   Also comparing swiping a debit card as credit to writing a check (in terms of when they show up on your account) is a terrible comparison. When a check goes through the accurate balance is taken out all at once a few days later, but when you swipe a debit card as credit a tentative balance is taken out immediately and adjusted to the actual balance when it settles.   And calling me ignorant because I don't need the help writing down where my money is at or goes is pretty ironic. Wow I honestly hope this is your first ever finance class. Anyway this isn't even finance, the only thing here finance related are the terms. It's really an algebra problem. Which is 1,312,500/x = 2 soooo find X.  X = 656250  so 131,250 in notes payable. If you don't know what to do know to find the quick ratio, then change majors "&gt;1.) The US mint is a private business. There's your first flaw of any argument about currency before we talk further.  Policies are set by the US Congress, and the Mint operates under the auspices of the US Treasury. You don't point out how any of this relates to anything, so I guess no point in going any further.   &gt;2.) That small percentage value of the penny ""not being worth your time"" is a huge fallacy. It might not be worth anything to him, but I generally would be intent on getting a few cents back that are due to me. Similarly, using his example of 3 cents adding 2 seconds to the transaction ends up at a rate of $54/hr. That's quite a bit of money to be considered.  If we assume that any penny related transaction is equally likely to have 1 - 4 pennies involved, and we take the 2 second figure as accurate, then we come up with $45 per hour. However, there is the time of the cashier and anyone behind you to consider. That 2 seconds is multiplied by everyone, but only you get the pennies. If we figure you have to wait as often as you receive pennies on the whole, then the figure gets slashed, I'm guessing under $10 an hour.   Your figure also fails to account for what would happen if the penny were removed from circulation. Most likely outcome would be that transactions where you'd make 1 or 2 pennies would be rounded down and transactions where you'd have gained 3 or 4 pennies would be rounded up. You aren't actually (on the whole) gaining or losing any money at all.   &gt;3.) No machines take pennies. Fair enough. Not really the fault of the penny itself, but more so a fault of brash inflation.  This isn't about establishing guilt. Pennies are tools and symbols, if they don't serve their purpose, then maybe we should consider removing them.   &gt;4.) Supposing the penny does get removed, the axe gets held above the neck of the nickle inevitably. Then the dime, and so on.   So?  &gt;You'll also see a massive disruption in handling of accounting principles and tax rates due to being forced into /5 rates. All adjustable, yes, but it does cause a whole new mess of issues in it's own right.  This can be acknowledged. One might take issue with massive, but a transition would not be free of labor and education costs.   &gt;5.) Lincoln's face has nothing to do with this argument. 25 seconds worth of video wasted (that's about 35 pennies worth).  Maybe it didn't hit home with you, but the videographer obviously felt he was addressing someone's concern. The psychological impact of change or the not-strictly-scientificattachment to traditions or history would have to be taken into account in a fair evaluation of implementing a big change." "It's called a ""checkbook register"" -- learn what it is and how to use it properly (not only recording your transactions &amp; maintaining your own running balance, but also including ""reconciling"" it with your bank-issued statements or online transaction listings) and you will *not* overdraw.  It's [fairly basic stuff](http://www.practicalmoneyskills.com/spanish/pdf/teachers/specialneeds/lev_3/lesson_06/6_3activity.pdf) but it never ceases to amaze me how many (supposedly ""smart"") people fail to do it properly (if at all)."