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cluponka [151]
4 years ago
11

If you have credit cards that have a total credit limit of $5,000, and you have only $100 remaining before you reach your credit

limit. Your credit score will be effected ___.
negatively
positively
not at all
Business
2 answers:
lina2011 [118]4 years ago
7 0

Answer: not at all

Explanation:

not enough information to advise “negative” or “positive”

zhuklara [117]4 years ago
4 0

<u>Answer:</u>

<em>Your credit score will be effected </em><u><em>Not at all</em></u>

<u>Explanation:</u>

Having a zero credit balance, for example, since you cover off your credit card consistently does not imply that the zero balance will be reflected in the report or that the zero parity will be utilized to figure your financial assessment.

The "credit card balance" will not be $0 when your card being reported to the credit departments on that day. For instance, if you make an acquisition of $100 on the fifth of the month and cover it on the seventeenth of the month, however, your credit report was refreshed on the twelfth; your "credit report" will not show a record of $0 balance.

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In need of extra​ cash, Troy and Lily decide to withdraw ​$2 comma 100 from their traditional IRA. They are both 40 years old. T
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Answer:

Calculate the tax consequence of withdrawal from retirement account.

T and L are 40 years old and decide to withdraw $2,100 from their IRA. They lie in a 35% marginal tax bracket.

Analysis

They are withdrawing some amount from their retirement fund. They have to pay the tax and penalty for early withdrawals from the retirement fund. The withdrawal amount is $2,100 so they have to pay tax on it. The tax rate will be 35% which is their marginal tax bracket.

Calculation of tax consequences if withdrawal amount is $2,100:

Ordinary income tax amount calculates by multiplying the withdrawal amount with the ordinary tax rate.

= $2100 × 35%

= $735

The withdrawal amount attracts the 10% penalty. So, the penalty amount is calculated as follows: Penalty on withdrawn funds calculates by multiplying the withdrawn funds with the percentage of penalty.

= $2100 × 10%

= $210

(NOTE: - T and L have to pay ordinary income tax along with the penalty on their withdrawal because they are withdrawing funds from their IRA before age 59.5.)

Total expenses include the tax amount and penalty charge on withdrawal amount. So, it is calculated as follows:

Total expenses =$735 + $210

Total expenses = $945

Conclusion

Therefore, T and L would incur a tax of $945 on their withdrawal. This $945 is the sum of income tax amount and penalty on withdrawal balance.

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Monetarists reject using discretionary monetary policy as an effective stabilization tool because they believe the Fed will miss its money supply targets and make the economy worse.

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Monetary policy is the action and communication of the central bank that controls the money supply. Central banks use monetary policy to prevent inflation, reduce unemployment, and promote moderate long-term interest rates.

Monetary policy refers to the measures taken by a country's central bank to control the money supply in order to stabilize the economy.

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If an externality is present resulting in market failure then
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<span>Then the private benefit from consumption will will not be the same as the social benefit from consumption.</span>

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