When you have a loss from a trade or business, from the rental of property, or from some other income-producing activity, the loss may serve to reduce your taxable income and therefore reduce your income taxes. But there are special rules that may limit the amount of loss you can claim. These rules are generally ...
If you desire to become an actuary, then passing Exam P on Probability is your opportunity to enter the actuarial science profession and get a starting salary ranging of about $44,000 to $58,000 per year. But the colossal number of topics listed on the syllabus may seem intimidating to many. Fortunately, you do not need ...
Analyzing the variances of dependent variables and the sums of those variances is an essential aspect of statistics and actuarial science. The concept of covariance is an indispensable tool for such analysis. Let us assume that there are two random variables, X and Y. We can call the mathematical expectations of each of these variables ...
What are actuarial science and actuary? Are they the same things? According to Wikipedia, Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in the insurance and finance industries. An actuary is a business professional who deals with the financial impact of risk and uncertainty. Actuaries have a deep understanding ...
Exam P on Probability, offered by the Casualty Actuarial Society and the Society of Actuaries, is the gateway to the actuarial profession. Those who pass the exam can obtain entry-level jobs as actuaries, with salaries ranging from about $44,000 to about $58,000 per year. After some rigorous studying, I recently passed this examination with a ...
