What is a competency based interview?

A ____ borrower is a borrower with a flawed credit history and an _________is a borrower who states his or her income but does n

viva [34]

Answer:

A SUBPRIME borrower is a borrower with a flawed credit history and an ALT-A BORROWER is a borrower who states his or her income but does not document or prove the amount of income.

Explanation:

Subprime borrowers are borrowers that have a bad credit score and because of this, any bank or other lending institution will either reject them as clients or charge them a really high interest rate on a loan.

An Alt-A borrower is in the middle between a prime borrower (good credit score) and a subprime borrower. He/she will not get rejected as often, but the interest rates will still be relatively high and the amounts of money borrowed tend to be smaller than prime borrowers. Some companies like Fannie Mae or Freddie Mac do not accept Alt-A borrowers, but most banks do.

4 0

3 years ago

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Mike Samson is a college football coach making a base salary of $651,600 a year ($54,300 per month). Employers are required to w

Ratling [72]

Answer:

$7960.80; $9948.20 ; $17,409

Explanation:

Given the following :

Coach base salary = $651,600 ($54,300/month)

Social security tax = 6.2% upto maximum base amount

Medicare tax = 1.45% with no maximum

FICA base amount = $128,400

Coach Samson Social security and Medicare tax:

Social Security tax amount = 6.2% of $128,400

= 0.062 * $128,400 = $7,960.80

Medicare tax amount :

1.45% of $651,600

(1.45 / 100) * $651,600

0.0145 * $651,600

= $9948.20

Additional amount towards FICA taxes:

$7,960.80 + $9,948.20 = $17,409

4 0

3 years ago

Jeremy earned $100,000 is salary and $6,000 in interest income during the year. Jeremy's employer withheld $11,000 of federal in

nevsk [136]

Answer:

Follows are the solution to this question:

Explanation:

Points Description Amount Computation

(1) Major Revenue $110,000 $\$ 100,000 \ salary + \$ 6,000 \\ \\Interest \ income + \$4,000 \\\\ \text{ capital gain in long term}$

(2) AGI allowance 0

(3) Gross sales adjusted $110,000 (1) - (2)

(4) Deduction norm 18,350 Chief of Household

(5) susceptible to deductions 23,000

(6) Enhanced standard (23,000) (5) > (4)

deduction or individualized

deductions

(7) Taxable Revenue $87,000

(8) Response for $13,298 $[(83,000 - 52,850) \times$

incoming taxes $22\%+ \$6,065] + \$4000\times 15\%$

(See the household head tax

plan)

(9) Allowance for children's taxes (2,000)

(10) Withdrawal of tax (11,000)

Taxes due $ 298 (8) + (9) + (10)

6 0

3 years ago

Schools that offer programs the prepare students to directly enter the workforce are known as:

ArbitrLikvidat [17]

Its hard to say tbh but im gonna say an academy.

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3 years ago

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Kevin conducted a study on whether the length of the line at a local Starbucks affected how well the customers enjoyed their cof

Sergeeva-Olga [200]

His study had a high level of replicability.

Replicability is, in psychology and other experiments, the ability for the study to consistently produce the same results when conducted multiple times with the exact same procedure. If Kevin was able to conduct his experiment and Malcolm was also able to follow the same procedure and find the same results, then his study is highly replicable.

3 0

3 years ago