<u>Ordering your latest credit report</u> is the action that appeared to be the least helpful if you’ve been the victim of identity theft. Therefore, <u>the correct answer is D.
</u>
If anyone has been a victim of identity theft, then it is important for such a person to officially report or contact any of the credit reporting companies to place a fraud alert on their credit report.
<h2>Further Explanation</h2>
Identity theft is when someone intentionally steals your information and uses such information without taking your permission. In the US, identity theft has become a booming business for fraudsters
In the US, 15.4 million Americans were a victim of theft, also identity theft tops complain of the consumer to the Federal trade commission. Regardless of how careful you seem to be, you can still fall victim to identity theft.
If you are a victim of identity theft, there are things you do immediately.
Some of the steps you can take to prevent an identity thief to further commit fraud with your details include
- Report any issues concerning identity theft to the federal trade commission (FTC)
- Ensure you clean up your entire account
- Immediately contact the credit Report Company and officially place a fraud alert
- In case of Tax-related identity theft, report to the IRS
- Place a block on your credit report
- Contact the company or the backs where the fraud occurred.
LEARN MORE:
KEYWORDS:
- victim
- identity theft
- irs
- fraud
- companies
- account
Answer:
Since 2019, the deduction limit for interest expense deductions on qualified higher education loans is $2,500. In order to qualify for this deduction, the taxpayer's adjusted AGI must be less than $85,000 for single filers (Lionel's income is below the threshold).
So Lionel will be able to deduct $1,650 as interest expense (above the line deduction).
Lionel can also deduct $2,500 form the American Opportunity Tax Credit for higher education expenses.
$23,021,820.82 is the
correct answer. It is the present value of the future maturity value and the
$875,000 interest payments, discounted at 4.5%.
First calculate the
amount of each interest payment = 25000000*7%/2 = 875000<span>
<span>Calculate periodic market interest rate = 9%/2 = 4.5%</span></span>
Answer:
$105,547
Explanation:
Original cost of machine = $270,000
Machine sold for = $150,000
Book value = $120,000
Down payment = $30,000
$60,000 payable on December 31 each of the next two years
.
Present value of an ordinary annuity of 1 at 9% for 2 years = 1.75911
The amount of the notes receivable net of the unamortized discount:
= Amount paid on December 31st × Present value of an ordinary annuity
= $60,000 × 1.75911
= $105,547
