The provision on tax rates for proprietorship, partnerships, and LLCs <u>changed</u> with the passage of the Tax Cuts & Jobs Act.
<h3>What is the
Tax Cuts & Jobs Act?</h3>
The Tax Cuts & Jobs Act is a legislation that guides tax rate on income and addresses concerns about tax credit for employers.
In conclusion, the provision on tax rates for proprietorship, partnerships, and LLCs <u>changed</u> with the passage of the Tax Cuts & Jobs Act.
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Indirectly affecting real estate and limiting how you may conduct business.
Industry regulations, such as RESPA, can affect your business by <u>Indirectly</u><u> </u><u>affecting real estate</u><u> and </u><u>limiting</u><u> how you may </u><u>conduct business</u>
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<h3>What is RESPA?</h3>
RESPA stands for Real Estate Settlement Procedures Act.
- homebuyers and sellers and forbidding abusive settlement tactics, RESPA aims to lower excessively high settlement costs.
- All Borrowers shall be informed of the potential of a transfer of mortgage servicing, real estate transactions, settlement services, and applicable consumer protection regulations.
- In addition to detailed representations of actual settlement costs, borrowers are entitled to initial and annual escrow account statements.
- RESPA prevents sellers from pressuring borrowers to buy title insurance from particular companies, outlaws kickbacks, referral fees, and unearned fees, and forbids loan servicers from requiring unreasonably large escrow accounts.
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Wally's hardware store is located in a small town in the midwest. this store would best be classified as an independent retailer. Answer: B Wally's hardware store is privately owned and operated and it is a <span>single-store operations.
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The system at enterprise is a Transaction Processing System (TPS). TPS is a type of system that regulates the organization's routine and day-to-day business transactions. The exceptional customer service and <span>computerized track of the logs of all transaction makes the system at enterprise a TPS.</span>