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3 years ago

List five things you should do if you are a victim of identity theft

Business

1 answer:

vovikov84 [41]3 years ago

7 0

Answer:

1. Placing a fraud alert on credit reports

2. Reviewing your credit report

3. Document everything

4. place a credit freeze

5. File an identity theft report

Explanation:

Firstly, you should place a fraud alert on your credit reports, which will give your creditors alert that they need further information before they exceed credit to you. This will also make lot more difficult for someone to open another credit line, because he/she has to verify your identity
Secondly, you should review your credit report-once you get it review it for any missing or wrong information. You will gain the right to credit report once identity theft has been determined
Thirdly, document everything-you need to stay organized and have detailed account of the progress you make. For instance, record the time and date of every made phone call
Consider placing a credit freeze-this will enable current holder of your documents to extend credit line using your data
File an identity theft report-this usually assumes visiting the nearest police department

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A buyer is closing on the purchase of a residence. The taxes for the year are estimated to be $4,780. The closing date is Januar

Aneli [31]

Answer:

For seller = $196.44

For buyer = $4583.56

Explanation:

Data provided in the question:

Taxes for the year = $4,780

Date of closing = January 16

since the day of closing belongs to the buyer therefore the seller owns the tax for 15 days only

Per day tax = [ Taxes for the year ] ÷ 365

= $4,780 ÷ 365

= $13.095 per day

Hence,

Proration will be

for seller = $13.095 per day × 15 days

= $196.44

For buyer = $4,780 - $196.44

= $4583.56

6 0

3 years ago

Suppose the benefit of owning a painting, in terms of your personal enjoyment, is worth 5% of the value of the painting. If the

Julli [10]

Answer:

Explanation:

It would grow by 7% each year which is the rate of return on stocks

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3 years ago

Since 2008, Ben has owned all 100 outstanding shares of N and M Corporation’s stock. Ben’s basis for the stock is $50,000. In 20

FromTheMoon [43]

Answer:

A. $75,000 dividend

Explanation:

This is not a capital gain as it do not come from the change in the value of the previously owned shares this are new shares.

The shares which N and M provide in favor to Ben are an stock dividend thus, the tax treatment should be of dividends as well.

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2 years ago

Which of the following statements are true? Check all that apply. In this labor market, a minimum wage of $9.00 is binding. In t

soldier1979 [14.2K]

Answer:

1. In this labor market, a minimum wage of $9.00 is binding : FALSE

2. In the absence of price controls, a shortage puts upward pressure on wages until they rise to the equilibrium : TRUE

3. If the minimum wage is set at $12.50, the market will not reach equilibrium : TRUE

4. Binding minimum wages cause frictional unemployment : FALSE

Explanation:

Question has been attached here

Unemployment is the term used to define those who are willing and are actively seeking work but cannot find any. A minimum wage is a price control, in the form of a price floor imposed by government legislation in order to protect laborers from low wages. Paying anything below the minimum wage is against the law.

1. In this labor market, a minimum wage of $9.00 is binding : FALSE

A minimum wage is binding only if it is set above the equilibrium price. In this scenario, the equilibrium price is at $12. Hence, $9 is not binding since a shortage of labor would gradually raise the price to the equilibrium.

2. In the absence of price controls, a shortage puts upward pressure on wages until they rise to the equilibrium : TRUE

When there is a shortage in the market, it means that the quantity supplied is higher than the quantity demanded. With any particular commodity such as bread or rice, a shortage creates a rise in price. Just as that, a shortage of workers creates an upward pressure on the price (wage). Since there are no price ceilings, market will reach equilibrium.

3. If the minimum wage is set at $12.50, the market will not reach equilibrium : TRUE

As shown in the diagram, the market equilibrium is $12. If the minimum wage was $12.50, there would be a surplus of labor (quantity supplied is higher than quantity demanded). Naturally, this may cause a downward pressure on wages until it reaches $12. However, when a minimum wage is imposed at $12.50, it cannot fall below that level. Thus, the market will not reach the equilibrium.

4. Binding minimum wages cause frictional unemployment : FALSE

Frictional unemployment is a type of unemployment that occurs when workers are temporarily unemployed while switching between jobs. It is normal and occurs even in the healthiest of economies. A binding minimum wage is more likely to cause structural unemployment. This occurs when there is a mismatch between the skills of the labor force and the skills expected to be possessed by employers to do a particular job. Hence, even if jobs are available, the laborers are not suited to do them and thus are unemployed.

6 0

3 years ago

Denise has $13,424 in a savings account with the District 113 Teacher's Credit Union. While economic conditions have caused the

coldgirl [10]

Answer:

Explanation:

$120= the amount to pay for the shoe

$20 paid for the month

Balance to pay = $100

Then 3% interest rate on credit card = 3% of $100=$3

Therefore amount to pay = $3+$100=$103

7 0

2 years ago