Total Account Balance definition
Examples of Total Account Balance in a sentence
The calculation is: Total Remaining Nondeductible Contributions $2,000 x $500 = $ 125 --------------------------- ------ Total Account Balance $8,000 Thus, $125 of the $500 withdrawal in 1998 will not be included in your taxable income.
Your total account balance as of 12-31-98 is $7,500 as shown below: Deductible Contributions $5,000 Nondeductible Contributions $2,000 Earnings On IRA $1,000 Less 1998 Withdrawal $ 500 ------ Total Account Balance as of 12/31/98 $7,500 To determine the nontaxable portion of your 1998 withdrawal, the total 1998 withdrawal ($500) must be multiplied by a fraction.
For new purchases converted to Installments Plans, you will be charged interest at the rate you have agreed to (unless you pay your Total Account Balance in full on or before the Current Statement’s Payment Due Date).
Your Current Statement will show your New Balance, Total Account Balance, Payment Due Date, transaction and posting dates, and interest rates, including any applicable Introductory Interest Rate, Promotional Interest Rates and/or Installment Plan interest rates.
Your Total Account Balance is the total amount of your previous account balance, plus all new purchases and debits, Cash Advances, interest, and fees shown on your statement, minus the amount of any payments and credits which have been posted to your account by your statement date.
Your New Balance is equal to your Total Account Balance if you do not have any Installment Plans.
You may pay the New Balance or the Total Account Balance in full or in part at any time.
Interest for the first and second statement periods will appear on your second monthly statement (unless you pay the Total Account Balance shown on the first statement in full by the Payment Due Date).
Your New Balance is equal to your Total Account Balance as of your statement date, minus the total amount of any Installments Not Yet Due (if you have any Installment Plans).
Such Total Account Balance shall also include all amounts (including plan forfeitures, if applicable) contributed to the Plan on behalf of the Defendant after the Assignment Date that are attributable to periods prior to such date.