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shutvik [7]
3 years ago
9

Which of the following resemble checks, but differ in that they are payable by the firm issuing them rather than payable by a ba

nk? Wire transfers Zero-balance account Concentration banking Drafts
Business
1 answer:
Softa [21]3 years ago
6 0

Concentration banking Drafts resemble checks, but differ in that they are payable by the firm issuing them rather than payable by a bank

Explanation:

Concentration banking drafts resemble checks in that they are drafts payable to a firm guaranteed an amount of money by one firm directly to them but in the case of they are issued directly by the firm and given directly to the firm supposed to take the money.

In the other case it is the bank that processes the amount for the two firm which makes the process little slower than the demand draft wherein the money is transferred to directly.

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In 2021, Carson is claimed as a dependent on his parents' tax return. His parents report taxable income of $200,000 (married fil
serg [7]

Carson's tax liability for 2021 as a 23-year full-time student, who earns from the summer internship and part-time job and receives a qualified dividend is $645.

<h3>What is tax liability?</h3>

Tax liability refers to the amount that a taxpayer is obliged to pay.

The tax liability is a function of the taxpayer's taxable income, tax bracket, deductions, and applicable tax rate.

In this case, we have assumed a flat tax rate of 10% for both Carlson's earned income and the dividend income.

<h3>Data and Calculations:</h3>

Earned income = $14,000

Qualified Dividend income = $5,000

Adjusted taxable income = $6,450 ($19,000 - $12,550)

Tax liability = $645 ($6,450 x 10%)

Thus, Carson's tax liability for 2021 is $645.

Learn more about tax liabilities at brainly.com/question/7409145

4 0
2 years ago
Which of the following is not a type of consumer credit?
Masteriza [31]
Automobile loans is not a type of consumer credit
8 0
3 years ago
Read 2 more answers
Cost volume profit can be used to calculate the sales dollars or sale units needed to achieve a target profit. Which statement i
Elena-2011 [213]

Answer:

A. The only way to calculate the sales revenue needed to achieve a target profit is by using the formula provided in class

Explanation:

5 0
3 years ago
On January 1, 2020, Sheffield Corp. issued ten-year bonds with a face amount of $4500000 and a stated interest rate of 8% payabl
Scorpion4ik [409]

Answer: $3,704,040

Explanation:

The issue/ selling price of a bond is calculated by the formula:

= Present value of coupon payments + Present value of face value

The coupon payments will be an annuity and in cash terms are:

= 8% * 4,500,000

= $360,000

Selling price:

= (360,000 * Present value of an ordinary annuity factor, 11%, 10 periods) + (4,500,000 * Present value discount factor, 11%, 10 periods)

= (360,000 * 5.889) + (4,500,000 * 0.352)

= $3,704,040

7 0
3 years ago
The invention of photography was initially important because:
marin [14]

Answer:

D. it helped artists, scientists, and journalists communicate in a new  way.

Explanation:

The invention of photography helped in preserving the images and storing them for the future. Photography helped in the creation of a new medium of communication. The movement led towards the development in the field of history, science, art, and industry. The information can be archived and stored. Also, photography led to the new way of perceiving things from the eyes of the photographer and the journalists. It gave a new outlook to the artists to present their art forms.

4 0
3 years ago
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