<u>Answer</u>: d)80%.
<em>PMI is required for all loans that have an LTV ratio of 80%.</em>
<u>Explanation:</u>
Institutions and lenders calculate the LTV ratio and assess the risk prior to the approval of a mortgage loan. <em>LTV ratio is calculated by dividing the loan amount by the property value.</em> Higher LTV ratios indicate that there is higher risk for the lenders.
Thus a Private Mortgage Insurance has to be purchased to offset the risk of the lender. <em>The loan amount being close to the appraised value of the property means that the LTV ration is high.</em> Thus if the loan goes default the lender’s will have to face difficulty.
If foreclosure happens the lender wouldn’t be able to make enough Profit by selling out the property.<em> This is why a PMI is demanded in such cases. </em>
I’m not 100% sure, but I believe the answer is D.
Hope this helps! ^^
Answer:
Taking into account that the options for this question are:
A. He should not enter the penalty on Form 1040, and must attach documentation that shows his date of disability.
B. He should write DISABLED on Form 1040 instead of the penalty amount.
C. He must allow the IRS to calculate his penalty, then request a refund using Form 2210.
D. He should file Form 2210 with his tax return and include documentation that shows his date of disability.
The correct answer is: D. He should file Form 2210 with his tax return and include documentation that shows his date of disability.
Explanation:
Many taxpayers can apply for an exemption from the fine. A taxpayer applying for a full waiver may choose to have the penalty determined by the IRS, while a taxpayer applying for a partial waiver must measure the penalty on Form 2210. The taxpayer will add Form 2210 and a statement to his tax return detailing why the estimated tax requirements have not been met and the waiver duration.
Answer:
A). Rationalizing is unnecessary when there are multiple opportunities present to commit fraud.
Explanation:
Rationalization is demonstrated as the process in which a firm or company reorganizes or restructures its size, strategy, or policy in order to promote an improved operational efficiency and effectiveness.
As per the question, option A i.e. 'rationalizing is unnecessary when there are multiple opportunities present to commit fraud' is the statement that asserts a false claim about rationalization. If there are loopholes in an organization which might result in frauds rationalization would rather assist in lowering the scope for such frauds and enhance the efficiency of the firm/organization. Thus, <u>option A</u> is the correct answer.
<span>In
the Korean War, even if it ended in a draw, it prevented the spread of
communism to the South. The Bay of Pigs
was an effort to overthrow Castro and restore democracy but failed. The establishment of NATO and SEATO were to
deter communist expansion to Western Europe and Southeast Asia. Marshall Plan helped countries recover from
WWII to prevent the influence of communism.
Vietnam unfortunately was failed attempt to defeat communism as the
North conquered the South. Actually it
was Sino Soviet Part where China broke relations with the Russians and later
Nixon opened relations with China.</span>