INDIANAPOLIS (WISH) – Here’s a look at the headlines on Monday.
A Brookings Institute study, State of Renewal: Setting a New Course for Indiana’s Economic Growth and Inclusion, suggests a mixed bag for the state’s economic future.
While the report notes that the state has had good results in terms of job recovery during the pandemic, it suggests that slow wage growth, lack of industry competitiveness and underinvestment in technology were among the issues that were the Brookings Institute emerged as hurdles to the economy and moving the state’s workforce forward.
The median earnings per employee in Indiana reached $ 34,300, while the national average was $ 36,600.
IRS and Ebay
Starting in 2022, online sellers who use platforms like Ebay and Etsy and earn more than $ 600 will have to report their earnings to the IRS.
These platforms need to send a form to both you and the IRS detailing your earnings that you need to submit when filing your taxes.
So far, the only time you need to report your online sales earnings to the IRS is if you’ve made over 200 transactions greater than $ 20,000.
However, thanks to a provision in the draft law on stimulus control, the federal threshold will fall in 2022.
A new survey found that the cost of a sitter has increased 5% over the pandemic.
The national average personal babysitting rate for one child has risen to $ 18.36 an hour, up 3.5% from 2020, according to Urbansitter’s 10th Annual Childcare Rate Survey.
A recent study by the Center for American Progress found that the cost of childcare in Indiana increases by 17 to 70 percent, depending on the age of the child and the location of the childcare.
The Dow and S&P 500 closed on record Friday as investments in the US and China move past signs of higher inflation.
During the week the Dow was up 2%, the S&P was up 2.7% and the NASDAQ was up 3%.