<u>1. Basic savings account </u>
-allows ATM withdrawals
-allows money transfer
A savings account is an interest bearing deposit account held at a bank or other monetary foundation that gives an unassuming loan fee. The budgetary organizations may constrain the quantity of withdrawals you can make from your investment account every month. They additionally may charge expenses except if you keep up a specific normal month to month balance in the record. In most cases banks don't give checks investment accounts.
<u>2. CD
</u>
-offers a higher interest rate
-has a maturity date
A certificate of deposit is a consent to store cash for a settled period with a bank that will pay you premium. You can contribute for three months, a half year, one year or five years. You will get a higher loan fee for the more drawn out time duty. You guarantee to leave all the cash, in addition to the enthusiasm, with the bank for the whole term.
Basically, you are loaning the bank your cash as an end-result of premium. The CD is a promissory note that the bank issues you.
Answer:
i think that this the first step for meme domination and how it will be the future currency for the republic of the memers
and also a great leap for the dogs of the united doggys
we will not just take it to the moon but to mars as a meaing of human and dog friendship
Explanation:
dont take it to the moon put it in your closet for your childs to seal for lots of money
Answer:
<em>The answer is $700,000</em>
Explanation:
<em>From the example given, we find the tax basis will each take in their respective BSJ stock</em>
<em>Contributions done partner wise (All values in $)</em>
<em>Partner Contribution Tax Share in Stock % of Tax Base Tax base in stock</em>
<em>Name Base</em>
<em>Brad 450000 100000 45% 17% 120689.7</em>
<em>Scott 100000 350000 45% 60% 422413.8</em>
<em>Jake 150000 130000 10% 22% 156896.6</em>
<em> 700000 580000 100% 700000</em>
<em>Therefore, The Total Assets contributed will be equivalent to stock of BSJ issued = $ 700,000</em>
Answer:
$26,125
Explanation:
[($25,000 x 0.005) x 9 + $25,000]
=$26,125
Zach owe $26,125 as of December 31, 2019 because he did not fail to file - he failed to pay. Hence he owes the 0.5% per month or part of a month failure to pay penalty plus the already outstanding tax amount of $25,000 that he owed.
Answer:
Option (D) is the right answer.
Explanation:
According to the scenario, the most appropriate answer is option ( D) because Stanley smith is a customer of the bank as he has a checking account in the bank.
While the other options are wrong because of the following reasons:
- Option (A) is incorrect because the company lucky licks Inc. is the customer of the bank, not any person.
- Option (B) is incorrect because Cara is not the customer of the bank as she only uses the bank's ATM.
- Option (C) is incorrect because Herman is not the customer of the bank as he only cashes his checks in the bank.
