Answer:
The correct answers are letters "C" and "D": Jane's Schedule C net profit; Qualified Publicly Traded Partnership (PTP) income.
Explanation:
The Qualified Business Income Deduction or QBI allows up to 20% of deductions for people who file small businesses taxes in personal statements. The rule mainly applies to all those activities developed in a sole proprietorship. Capital gains, losses, dividends, and interest are not eligible for this type of deductions. A schedule C (form 1040) or a qualified Publicly Traded Partnership (PTP) income can be subject to this deduction.
Answer:
The benefit of using mobile financial investment
see below
Explanation:
How does Siroya use mobile data to create a financial identity?
Siroya explains that a they have created a mobile application that can establish credit card scores utilizing mobile data after making an in route in establishing trust and open up financial access for those without credit card scores. Thru data captures of financial transactions on mobile devices, they were able to create financial identities for two billion five hundred million people .
What were Jenipher’s options for getting a loan
- Jenipher will explore the option of micro loans
- Jenipher will have to form a group or an association to access the micro loans to stand as a guarantor for her
- Loan proportion will be too small to impact positively on her business
- Loan sharks is another option but the risks are too weighty
What is one data point that shows a good propensity to pay a loan back?
- In Jenipher situation the mobile app was able to pinpoint a good potential of credit history
How has Jenipher’s life improved as a result of the loan using Siroya’s technology?
- Jenipher recorded savings of 6% after using the mobile app and her business improved tremendously
- She added food stall and restaurant
Short term- Getting a part time job in a financial institute as a trainee
medium term- Getting the relevant qualifications needed for the finance field
Long term- Getting a job from a finance company and pursuing her dream
Answer:
$460,000 decrease
Explanation:
The computation of TLC's estimated change in revenues next year is shown below:-
TLC's estimated change in revenues next year = ((Consumer loan × Interest rate) + (Home equity loan × Interest rate) + (Corporate securities × Interest rate)) - ((Increased consumer loan × Decrease rate) + (Increase equity loan × Interest rate) + (Corporate securities × (1 - decreased percentage) × average interest rate))
= (($35.0 million × 0.12) + ($30.0 million × 0.O8) + ($5.0 million × 0.06)) - (($40.0 million × 0.10) +($32.0 million × 0.065) + (5 million × (1 - 20%) × 0.09))
=$6,900,000 - $6,440,000
= $460,000 decrease
Therefore for computing the TLC's estimated change in revenues next year we simply applied the above formula.
