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lozanna [386]
2 years ago
7

In two to three sentences, explain online banking and its purpose.

Business
2 answers:
Strike441 [17]2 years ago
5 0

Answer:

It is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website. It is usually used as an easier and faster way to connect with your bank and to access your banking information.

Explanation:

Sergeeva-Olga [200]2 years ago
5 0

Answer:

Banking online means accessing your bank account and carrying out financial transactions through the internet. The purpose of banking online is it allows you to carry out a number of tasks such as paying bills and transferring money, without having to call or go to your bank.

Explanation:

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Leona, whose marginal tax rate on ordinary income is 37 percent, owns 100 percent of the stock of Henley Corporation. This year,
riadik2000 [5.3K]

Answer: See explanation

Explanation:

First and foremost, it should be noted that there's a flat tax rate of 21% on the taxable income, therefore the after tax income will be:

= (1 - 21%) × $1 million

= 79% × $1 million

= $790,000

Therefore, the amount of the dividend payment is $790,000 which is given to Leona.

The after tax cash flow from the dividend receipt will be:

= $790,000 - (20% × $790,000)

= $790,000 - (0.2 × $790,000)

= $790,000 - $158,000

= $632,000

Therefore, the total tax by Henly and Leona will then be:

= $210,000 + $158,000

= $368,000.

This is 36.8% (368000/1 million) of the tax rate.

5 0
2 years ago
The Pack Company purchased an office building for $9,000,000. The building had an estimated useful life of 40 years and an expec
xz_007 [3.2K]
<h2>Depreciation = Cost Price --Salvage/Useful Life</h2><h2>=9,00,000-1,00,000/40</h2><h2>=8,00,000/40</h2><h2>= 20,000</h2><h2 /><h3>Explanation:</h3><h3>Depreciation is 20,000</h3><h3></h3>

8 0
2 years ago
Mrs. Cox, a head of household, earned a $313,000 salary and recognized a $29,300 net long-term capital gain this year. Use Indiv
SCORPION-xisa [38]

Explanation:

. $4,395 ($29,300 long-term capital gain × 15%)

6 0
3 years ago
Paying attention to the trends that might impact your future career is called
Mazyrski [523]
<span>The process is called futurecasting. Clustering is a completely different concept related to the organization of resources. Networking is a concept related to building social connections through self-advertising and linking networks with associates. Matchmaking is typically used in reference to specifically cultivating relationships between two people with complementary skill sets or similar core work values. Thus only futurecasting is left as an option.</span>
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3 years ago
You are a cook at a restaurant. you are required to conduct a food inventory at the end of every week. you notice that there are
KonstantinChe [14]

Answer: 150

By inventory, we mean a complete list of items at the end of a business day. In the case of a cook who is required to <span>conduct a food inventory at the end of every week, inventory should include the 25 steaks in the front refrigerator and the 125 in the back freezer. The 18  marinated for tonight's dinner should not be included  because it will be consumed that night.  The inventory of steaks therefore is 25+125=150.</span>

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2 years ago
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