When a lending institution receives an amount from the individual on his/her monthly paycheck for covering his/her due debts is called Garnishment.
Option B is the correct answer.
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What is a paycheck?</h3>
A paycheck is a check provided to the employee for the work done by him/her. It defines the amount of remuneration and other incentives earned by the employee on a monthly basis.
A legal technique that allows a third party to reduce a certain amount from the salary or wages of an individual against the payment of any dues, then this technique is called Garnishment. The third party can be the bank of the debtor and the receiver is the lending institution to whom an individual has to pay back the due amount.
Therefore, Garnishment is the process where the lender receives a certain amount from the salary of the debtor against his/her dues.
Learn more about the Garnishment on paycheck here:
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Private-Public Partnership.
Privately owned service to the Community or Country.
Job Creation.
Increased involvement in Social Responsibility.
Government tenders.
Expansion into Africa.
Taking the lead in an area of technology.
Answer:<em><u>The preliminary cash balance at the end of August before any loan activity is: $3700</u></em>
Given :
Cash at the beginning = $17,200
Cash receipts anticipated = $121,200
Cash disbursements anticipated = $134,700
The correct matches are as follows:
1. DISTRIBUTION FEE: Management companies pay brokers 0.1% fee for marketing the fund.
In mutual fund business, distribution fee refers to the amount of money that is charged for marketing and selling fund shares. The money is used for such thing as compensating the brokers or those who sell the fund shares, paying for advertisement, printing and mailing of sales literature, etc. The distribution fee is typically capped at 0.75% of mutual asset.
2. ACCOUNT MAINTENANCE FEE: $20 broker fee charged against the mutual fund.
This is the amount of money that a broker charges for maintaing each mutual fund in an account. The fee is paid on a yearly basis by the mutual fund to the broker. Thus, for an investor who hold five mutual funds, his broker will be paid $100 every year.
3. REVENUE SHARING FEE: Payment to company that investors go through to buy the mutual funds.
Revenue sharing is said to occur when the mutual fund company makes payment to the broker or a dealer that is involved in the investment. Revenue sharing can take many form and is usually calculated as a percentage of the invested amount. Revenue sharing serves as incentives to brokers to promote one fund relative to another.
4. SHAREHOLDER SERVICE FEE: 25% broker fee charged against the mutual fund for servicing the account.
This is the amount of money that a broker is paid for servicing an account. Under the current regulations, a broker can be paid as much as 0.25% of the worth of a mutual investment as a payment for servicing the account.
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