Answer:
make sure customers keep sufficient funds in their account
Explanation:
Minimum balance is the amount that an account holder has to be kept in the account. The minimum amount is to be maintained so as to enjoy the benefits of the account like receiving interests. The minimum balance defers from one bank to another. Maintaining the minimum helps in accessing loans and other facilities.
In order for earnings from a second or part-time job to be considered as part of a lender’s income evaluation, the applicant must have been employed for at least two years, and the employment must be expected to continue.
The basis for one's pleasure or dissatisfaction with their financial condition can be defined as income evaluation. Additionally, it might engender a sense of fairness or unfairness in how income is distributed, which might bring about societal change or stabilize the situation.
Investors can determine a property's market worth based on the income it is currently producing by using the income approach to appraisal. Investors can assess if a deal fits their aims and requirements by understanding the cash flow property can produce.
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Answer: $46,950
Explanation:
a. All sources of income should be included including illegal ones.
b. Gain = 1,000 (32 - 31)
= $1,000
c. Gain = Amount received - Amount paid apportioned per year
= 25,000 - (210,000/20)
= 25,000 - 10,500
= $14,500
d. Not included as disability benefits are not included.
e. The $300 is deductible but the $200 that went towards car payment is not.
f. Taxation principles require that the person taxed should be the person earning the income so Ken will not be charged on the $1,100
g. The relevant figure here is the tax benefit before the $610 refund.
Ken claimed $6,250 in itemized deduction but the standard deduction is $6,200. Ken gained;
= 6,250 - 6,2000
= $50
h. The $30,000 is included as Ken earned it.
Gross Income = 1,200 + 1,000 + 14,500 + 200 + 50 + 30,000
= $46,950
Answer:
effective interest rate = 4.75 %
Explanation:
given data
principal = $108,000
time = 8 months =
year
rate = 10%
solution
we get here first interest that is
interest = principal × rate × time .................1
put here value
interest = $108,000 × 10% × 
interest = $7200
so here effective interest rate will be here as
effective interest rate =
× time ...........2
put here value
effective interest rate =
×
effective interest rate = 0.04761
effective interest rate = 4.75 %
Answer:
Allocating Resources
Explanation:This would be really long winded to explain.