A global index consisting of the top 10% of the largest stocks in the Dow Jones Global Indexes (which cover more than 2,500 companies) in terms of their sustainability and environmental practices. The index was started in 1999, and is maintained by Dow Jones in conjunction with SAM Group, a Zurich-based research firm that conducts detailed sustainability analyses of thousands of global market-cap leaders each year. Taobiz explains Dow Jones Sustainability World Index The index is weighted based on free-float market capitalization, and changes are made once each year in September based on the newest sustainability scores. Each company represented in the index has its corporate sustainability assessed through an intricate weighting system that looks at economic, environmental and social metrics, as well as industry-specific criteria. Companies are also evaluated each year; those that fail to show consistent progress may be removed from the index. The Dow Jones Sustainability World Index covers dozens of industry groups and has members in more than 20 nations. Because of increased investor appetite for socially-conscious investments and corporate environmental responsibility, the index has been licensed by many private wealth managers to use as a benchmark, and has billions of assets under management pegged to it. Many companies that become members of the index see it as an opportunity to enhance shareholder awareness of environmental efforts and will issue press releases to announce their index membership and tout their environmental sustainability leadership.
A document published by the Internal Revenue Service (IRS) that details how employees who have received tips as part of their compensation are to report that income for tax purposes. All tips received are subject to federal income tax, regardless of whether they are received directly from an employer or through a tip-sharing arrangement with other employees. Tips should be reported to the employer every month if more than $20 in tips have been received. Employees should use Form 4070A when reporting tips to an employer, which they can receive by requesting IRS Publication 1244 from the IRS or their employer. Publication 1244 contains a year's supply of Form 4070A. Rules for tip income reporting are different than rules concerning reporting for bonuses and gambling.
A free-float market capitalization weighted index that captures the U.S.-based companies in the Dow Jones Sustainability North America Index, which contains the top 20% of the largest U.S., Canadian and Mexican companies from the Dow Jones Global Index based on economic and social sustainability. The index is reviewed quarterly for possible weighting changes (based on free-float share counts) and reconstituted each year based on the updated results of comprehensive sustainability surveys, as compiled by research firm SAM Group. The surveys measure company efforts in energy conservation, corporate governance, shareholder relations and knowledge management, among many others. Taobiz explains Dow Jones Sustainability United States Index Companies are evaluated not only against general market benchmarks but also against their own industry peers. As with other members of the Dow Jones Sustainability Index family, the United States index is also presented without businesses engaged in the production or distribution of alcohol, tobacco, firearms and gambling. Shareholders in the United States and abroad are increasingly looking for their investments to have sustainability plans or programs in place. As such, companies that are chosen for inclusion in the sustainability indexes may use them as a platform for attracting socially-conscious investors and green investors.
In the context of options and futures, this is when the current (or short-term) contract prices are higher than the long-term contracts. This usually occurs because a good is currently in short supply, which drives up prices in the short term.
A document published by the Internal Revenue Service (IRS) that details how tax filers should treat costs relating to owning a home, including closing costs, mortgage interest, real estate taxes and repairs. IRS Publication 530 outlines which home-related items can and cannot be deducted on the tax return, and what items a taxpayer should keep track of in order to set the cost basis of the property. Some expenses, such as depreciation, closing costs, forfeited down payments and insurance, cannot be deducted. Taxpayers must fill out Schedule A of Form 1040 in order to itemize home-related expenses. Itemizing deductions in this way means that the standard deduction cannot be claimed. To claim a mortgage interest credit Form 8396 (Mortgage Interest Credit) has to be used, and Form 5405 (First-Time Homebuyer Credit and Repayment of the Credit) for credits relating to the purchase of a new home.
A stock index that captures the top 20% of the largest 600 companies in the Dow Jones Global Index that are based in North America. Companies are evaluated based on both general and industry-specific sustainability trends by Zurich-based SAM Group, a research firm that surveys thousands of global blue-chip companies each year. The free-float market capitalization weighted index is reviewed quarterly for share count changes, and reconstituted annually once updated surveys have been completed for all potential index members. Each company in the 600 stock universe is given a sustainability score based on progress in areas such as corporate governance, climate change strategy and energy consumption as well as industry-specific variables. Taobiz explains Dow Jones Sustainability North America Index Much of what are considered positive strategies for long-term economic and social responsibility don't have the short-term payoffs that shareholders are used to seeing, such as lower operating costs or higher revenues. The benefits to a company for focusing on sustainability could take many years to be realized, so short-term financial performance may not be indicative of long-run savings or shareholder approval. In addition to the main index, there are specialized sub-indexes that have filtered out industries such as alcohol, tobacco, firearms, and gambling. The North American index was first created in September 2005.
A document published by the Internal Revenue Service (IRS) detailing miscellaneous expenses that can be reported as itemized deductions on Schedule A of Form 1040 or Form 1040NR. The deduction is calculated by subtracting 2% of the adjusted gross income (AGI) from the total amount of expenses listed, though some items are excluded from this limit, with this subtraction coming after any other deduction limit. Expenses can be claimed if they are considered ordinary and necessary in a particular line of business. Taxpayers must keep receipts, checks, account statements or other physical records in order to prove expenses. More information about recordkeeping is available in IRS Publication 552 (Recordkeeping for Individuals). Miscellaneous deductions are often those that are not reimbursed by employers but are still incurred by employees. Some items which may seem ordinary and necessary may actually be considered personal expenses by the IRS, and thus not subject to a tax deduction.
A stock volume that closes at a price lower than the previous day's close. Taobiz explains Down Volume If a stock closed at a price lower than the previous day's close, the share volume for that day would be considered down volume.