in your current job, you earn $41,000. you take the standard deduction of $12,200. you have an offer of a new job working for a different employer. your salary would go up by $6,500. how much extra will you owe in federal income taxes if you take the new job?
Answers
The amount extra that you will owe as federal income taxes if the new job is taken, is $ 780.
How to find the tax ?Your current taxable income is :
= Current earnings - Standard deduction
= 41, 000 - 12, 200
= $ 28, 800
If you receive a new salary under a different employer, the taxable income becomes :
= 28, 800 + 6, 500
= $ 35, 300
This means that your marginal tax rate is 12 % so the tax on the $ 6, 500 would be:
= 6, 500 x 12 %
= $ 780
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Related Questions
the estimated expense for accounts that may not be collected is referred to as:
Answers
Answer: a bad debt expense
Explanation:
The estimated expense for accounts that may not be collected is referred to as. bad debt expense. Joyce Corp uses the percentage-of-receivables method to account for bad debt expense. Joyce determines that a customer account of $20,000 should be written off as uncollectible
monopoly arises when a firm produces a good or service for which substitutes exist, and A. no close; produces an output at which diseconomies of scale exist B. no close; is protected by a barrier that prevents other firms from selling that good or service C. close; can influence the market price D. close; is protected by a barrier that prevents other firms from selling that good or service monopoly arises when a firm produces a good or service for which substitutes exist, and A. no close; produces an output at which diseconomies of scale exist B. no close; is protected by a barrier that prevents other firms from selling that good or service C. close; can influence the market price D. close; is protected by a barrier that prevents other firms from selling that good or service
Answers
C. close; can influence the market price. A monopoly arises when a firm has exclusive control over the production and sale of a particular good or service.
In this scenario, substitutes for the firm's product exist, meaning there are alternative goods or services that consumers could choose instead. The key characteristic of a monopoly is that it can influence the market price of its product. By having no close competitors and controlling the entire market, a monopolistic firm possesses significant market power. This allows it to manipulate prices to maximize its profits. Since consumers have limited alternatives, the firm can set higher prices without fear of losing customers to competitors.
The other options are not accurate descriptions of a monopoly. Option A suggests that a monopoly arises when a firm faces diseconomies of scale, which is unrelated to the presence of substitutes or market power. Option B mentions a barrier preventing other firms from selling the same good or service, but this does not necessarily lead to a monopoly unless the firm can influence the market price. Option D repeats the barrier to entry concept but does not address the firm's ability to influence prices.
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operations of production are moved to a less-developed nation and the cycle is complete as highly-developed nations become importers of this product.
Answers
The above statement refers to the concept of outsourcing, where the operations of production are relocated to less-developed nations with lower labor costs and fewer regulations.
This process allows companies to take advantage of the cost savings and economies of scale offered by these nations, and ultimately results in the production of goods that are sold back to highly-developed nations as imports. Outsourcing has become a popular strategy for businesses looking to reduce their operating costs and remain competitive in the global marketplace.
However, outsourcing has also been a topic of controversy, with critics arguing that it can lead to job losses and exploitation of workers in developing countries.
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What are the differences between an increase in quantity of an economy's factors of production and an increase in the quality of an economy's factors of production?
Answers
Answer:
All factors have their own role to produce any item or service. We need four factors.
Land( a specified place)
labor
capital( money or equipment)
Entreprenuer( owner or manager who can take independent decisions)
There are many other invisible factors which can be added in above four important factors.
So any big or small factor contributes in making any product.
Explanation:
In business writing, the main idea of a written work should be located
a. At the end of the first paragraph
b. In the body of the document
At the beginning of the first paragraph
d. In the salutation of the document
C.
Please select the best answer from the choices provided
Ο Α
B
С
OD
Answers
Answer:
c
Explanation:
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Answer:
well i blive its c
Explanation:
what characterizes developing economies? check all that apply.
Answers
Explanation:
Explanation: What characterizes a developing economy is the rapid pace of GDP and improved social indicators such as rising living standards and the rise of the middle class. GDP will be accelerated as production in the country increases.
You should conduct buyer persona interviews with all of the following people EXCEPT:
Your customers.
Prospects actively going through the sales cycle.
People who never considered your solution.
People who considered your solution, but chose a competitor.
Answers
You should conduct buyer persona interviews with all of the following people EXCEPT: People who never considered your solution.
Buyer persona interviews are conducted to gather insights and understand the needs, preferences, and behaviors of potential customers. The purpose is to develop a deep understanding of your target audience to better tailor your marketing and sales strategies. It is important to interview your customers to gain insights from those who have already chosen your solution. Prospects actively going through the sales cycle are valuable interviewees as they are actively engaged with your product or service. People who considered your solution but chose a competitor can provide valuable feedback on why they made that decision. However, interviewing people who have never considered your solution may not provide relevant insights for your target market. They may not have the necessary context or knowledge to provide meaningful feedback.
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How do you think the Human Resources department affects the other departments?
Answers
Human resource departments have an impact on organizations because they manage employee recruitment, which determines which employees are hired. The typical tasks in the recruitment process include reviewing resumes, attending job fairs, and conducting multiple interviews.
How is the role of Human Resources department?In its most basic form, the HR (Human Resources) department is a group in charge of managing the employee life cycle (i.e., recruiting, hiring, onboarding, training, and firing employees) as well as administering employee benefits.
Human Resources is in charge of five major responsibilities: talent management, compensation and employee benefits, training and development, compliance, and workplace safety. By effectively managing the employee lifecycle, an HR department can help provide organizational structure and the ability to meet business needs.
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What is one benefit of purchasing saving bonds saving bonds are purchased from the government and guaranteed to increase in value?
Answers
you can postpone paying federal taxes on the interest until you redeem the bond or it matures. savings bonds are utilized for qualified educational expenses, tax benefits are accessible to eligible taxpayers.
The amount of interest that is due each period and is expressed as a percentage of the amount lent, deposited, or borrowed is known as the interest rate. The total amount of interest charged on a sum lent or borrowed depends on the principal amount, interest rate, frequency of compounding, and length of the loan, deposit, or borrowing. The interest rate that is determined over a year is the annual interest rate. According to one definition, the interest rate "measures the preference for a dollar of present income over a dollar of future revenue." The loan recipient is ready to repay the debt.
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how much was ferrari worth in 2015 (in us dollars) based on multiples valuation? what are the key assumptions underlying the multiples valuation in general? please describe and justify the assumptions made for your ferrari valuation analysis.
Answers
The worth of the company Ferrari was approximately $10 billion.
What is the premise underlying the valuing approach?Valuation approach estimates a firm's or its security's price is the number one aim of fairness valuation. Any essential price approach should begin with the idea that the price of the security—on this case, an fairness or inventory is in the end decided via way of means of the basics of the company's middle operations.
Which value multiples are most frequently employed?The maximum common multiplier applied while valuing shares P/E more than one is. It is hired to assessment the marketplace price (charge) and profits of a company. A employer with a excessive P/E more than one has a charge or marketplace price this is excessive in evaluation to its degree of profits.
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Which of these best states why someone would use a budget? A. People need to keep a budget to know how much income tax to pay. B. Having a budget is the only way to get a government appropriation. C. Budgets help people keep their expenses below their income. D. Fixed expenses can be reduced by using a strict budget.
2b2t
Answers
Answer: C. Budgets help people keep their expenses below their income.
Explanation: The act of budgeting could be explained as a process of keeping track of one's income or revenue as well as spending or expenses over a certain period of time. This is particularly necessary in other to ensure that one maintains a reasonable spending behavior which ensures that spending does not outweigh revenue. This will ensure that such individual is safe from excessive debt. With the aid of a budget, one can avoid unnecessary financial strain on expected revenue through thorough planning of expenses and avoiding spending activities beyond one's revenue bracket.
What happens to quantity supplied when price is lowered?
Answers
A price increase almost always results in more of that good or service being supplied, whereas a price decrease usually results in less of it being supplied. The quantity supplied increases as the price rises.
Generally speaking, decreased supply results from lower prices. Prices that are higher encourage producers to produce more of the good or commodity, assuming that their costs aren't rising as quickly. A cost squeeze brought on by lower prices restricts supply. The likelihood of suppliers producing more increases with price. On the other hand, the cheaper a product is, the more people tend to buy it.
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Question on Audit & Assurance
Question 1)
The firm of Bureck & Co, where you work as an audit senior, is a Chartered Certified Accountants. After the senior on the engagement falls ill, you are temporarily appointed as audit senior to the audit of Sultana Co, a scaffolding supplier to the construction industry. Currently, you and the junior members of your audit team are analysing the audit files and discussing the audit as it nears completion for the year ending 30 September 2021 for Sultana Co. The draught financial accounts of Sultana Co. show revenues of £12.5 million, a net profit of £400,000, and total assets of £78 million.
After going through the audit files, you've discovered the following information.
Cherry Co, a major customer with whom Sultana Co has several substantial contracts, declared bankruptcy after the end of the year. Efforts to wind down the business have already begun. There are administrators who believe that the corporation can pay about 25 percent of the debt to Sultana Co. This customer has a trade receivable of £300,000 on Sultana Co's financial statement. The audit's management has also been questioned by a member of the audit team who is a junior. The following is what the junior said.
‘Prior to being assigned to the audit team of Sultana Co., I had only worked on two other projects' Despite my expectations, there was no pre-audit meeting where the partner and other senior auditors would discuss the audit. Another problem is that a senior audit manager has been in charge while the audit manager has been on vacation for three weeks and has been replaced. As a result of this, the senior could not always be contacted.'
"I was tasked with auditing the goodwill resulting from an acquisition made during the year." I also participated in the inventory audit and count, which was quite complicated because Sultana Co has a substantial amount of ongoing projects. I endeavoured to be as helpful as possible during the count and assisted the client's staff in counting a portion of the raw materials. As I had participated in the inventory count, the audit senior requested that I question the finance director about the adequacy of the provision against inventory, which the senior felt was grossly understated.
'Finally, we discovered that we were out of time to complete our audit procedures. As a means of saving time, the audit senior advised that we reduce the sample sizes used in our tests. When conducting audit sampling, he also suggested that we select items that would be easy when carrying out audit sampling'
Required:
a) comment on the issues to be taken into consideration as well as an explanation of the audit evidence you can expect to find when reviewing Cherry Co's trade receivable file is required. (6marks)
(b) Analyze the issues of the audit junior on the audit management of Sultana Co. (14 marks)
Answers
a) The issues include the impact of Cherry Co's bankruptcy, recoverability of the outstanding amount, and the need for impairment provision
b) While concerns involve the absence of a pre-audit meeting, challenges in contacting the senior audit manager, limited experience of the junior, and suggestions to reduce sample sizes and select easy items during audit sampling.
How should the review of Cherry Co's trade receivable file be approached considering bankruptcy, recovery rate, and provision?Furthermore, what concerns are raised by the audit junior regarding the audit management of Sultana Co?When reviewing Cherry Co's trade receivable file, several factors need to be taken into consideration.
Firstly, the bankruptcy of Cherry Co raises concerns about the collectability of the trade receivable. The estimated recovery rate of 25 percent provided by the administrators should be assessed for reasonableness and its impact on the financial statements evaluated.
Secondly, the adequacy of the provision for doubtful debts needs to be examined. Given the uncertain nature of the receivable, it is important to assess whether the provision reflects the potential credit losses accurately.
The audit team should review the supporting documentation, correspondence with Cherry Co, and assess any subsequent events that may affect the collectability of the debt. This review will provide the necessary audit evidence to evaluate the recoverability of the trade receivable.
Additionally, discussions with the administrators can provide valuable information regarding the financial status of Cherry Co and the likelihood of recovery. The auditor may need to consult legal opinions and expert advice to evaluate the recoverability of the debt accurately. Based on this assessment, appropriate adjustments and provisions should be made to reflect the potential loss arising from Cherry Co's bankruptcy.
The concerns raised by the audit junior regarding the audit management of Sultana Co highlight several issues that need to be analyzed. Firstly, the absence of a pre-audit meeting where the partner and senior auditors discuss the audit raises questions about the adequacy of planning and coordination.
This lack of communication can hinder the efficient execution of the audit and compromise the quality of the work performed. Secondly, the prolonged absence of the audit manager and the challenges in contacting the senior audit manager raise concerns about the availability and accessibility of key personnel for guidance and supervision during the audit.
In analyzing these issues, it is essential to assess whether proper planning, supervision, and delegation of responsibilities were in place, and whether the assigned personnel had the necessary competence and experience.
Additionally, it is crucial to evaluate the impact of these issues on the audit's overall effectiveness, the reliability of the audit evidence obtained, and the accuracy of the financial statements.
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Mt. Everet i 8,707. 37 feet higher than Mt. McKinley. What i the elevation of Mt. Everet
Answers
Mount Everest surpasses Mount McKinley by 8,707,37 feet. Mount Everett is 29028.87 feet above sea level.
The heights of Mount McKinley and Mount Everest.Mountains are compared to sea level. As a point of perspective, Mount Everest is 29,032 feet above sea level, whereas Mount Denali is 20,310 feet above it.
Mt. McKinley is undoubtedly the tallest mountain.Denali, which is located in central-south Alaska, is the highest peak in North America and is sometimes referred to as Mount McKinley at times. Denali's peak rises to 6,190 meters (20,310 feet) above sea level, making it the third-highest of the Seven Summits (the tallest peaks on all seven continents).
Let,
Everest = E
McKinley = M
McKinley is lower than Everest. For this, we can create an equation.
E - M = 8707.37
Considering that we already know M, we must locate E.
E = 8707.37 + M
E = 8707.37 + 20321.5
E = 29028.87 feet
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Which of the following increases when beginning a new business rather than buying an existing business?
A. Frustration
B. Income
C. Risk
D. Profit potential
Answers
Risk Starting a new business typically involves higher levels of risk compared to buying an existing business.
When starting a new business, there are uncertainties and unknowns regarding market demand, competition, operational challenges, and financial performance. There is no established customer base or proven track record, which increases the risk of failure. On the other hand, buying an existing business often provides a more stable income stream, established customer base, proven products or services, and a track record of financial performance. The profit potential may vary depending on various factors, but the risk is generally higher when starting a new business from scratch.
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Currently, the USD/MXN rate is 19.4100 and the three-month forward exchange rate is 20.1800. The three-month interest rate is 4.5% per annum in the U.S. and 7.8% per annum in Mexico. Assume that you can borrow MXP10,000,000 or its equivalent in USD. How much do you make/lose if you borrow the foreign currency and invest locally? (USD, no cents)
Answers
If you borrow the foreign currency and invest locally, you would make a profit of $229,600 USD.
To calculate the profit/loss, we need to compare the return from borrowing in the foreign currency and investing locally with the return from borrowing in the local currency and investing in the foreign currency.
If you borrow MXP10,000,000 at the three-month interest rate of 7.8% per annum in Mexico, you would have to repay MXP10,000,000 * (1 + 7.8% * 3/12) = MXP10,195,000.
Converting the repayment amount to USD using the three-month forward exchange rate of 20.1800, we get USD10,195,000 / 20.1800 = $504,924 USD.
Subtracting the initial borrowing amount of $10,000,000 USD, the profit would be $504,924 - $10,000,000 = $229,600 USD.
Therefore, if you borrow the foreign currency and invest locally, you would make a profit of $229,600 USD.
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help!
A way to establish a good credit record is to:
A) Borrow to the maximum individual credit limit
B) Pay bills when they are due
C. Use credit as little as possible or not at all
D) Use credit when income is unreliable
Explain why?
Answers
Answer:
B) Pay bills when they are due.
Explanation:
A loan can be defined as an amount of money that is being borrowed from a lender and it is expected to be paid back at an agreed date with interest.
Generally, the financial institution such as a bank lending out the sum of money usually requires that borrower provides a collateral which would be taken over in the event that the borrower defaults (fails) in the repayment of the loan.
A credit score can be defined as a numerical expression between 300 - 850 that represents an individual's financial history and credit worthiness. Therefore, a credit score determines the ability of a borrower to obtain a loan from a lender.
This ultimately implies that, the higher your credit score, the higher and better it is to obtain a loan from a potential lender. A credit score ranging from 670 to 739 is considered to be a good credit score while a credit score of 740 to 799 is better and a credit score of 800 to 850 is considered to be excellent.
Generally, it's recommended that loans or bills are paid on a timely basis or as at when due in order to obtain a good credit score.
Hence, a way to establish a good credit record (score) is to pay bills when they are due.
True or false: When customers make online purchases, a company has access to data that can be used for marketing analytics.
Answers
The local diner hopes to increase its lunchtime business by 50 percent, even though it is already nearly 50 percent behind its goal for the quarter; this objective would be considered
Answers
Even though the business is way behind on its target, its goal can still be described as Specific and Realistic.
Specific and Realistic goalsTheses are clearly set out and articulated. Effect can be adequately measured. Can be accomplished based on existing resources.Even though the diner is behind target, increasing by 50% is not unrealistic and can be done with proper planning. The goal is also specific as it is targeted at 50%.
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Rich is the highest-paid quarterback in the league, at $5 million per season. Rich is an eight-year pro and has yet to reach the playoffs. Rich's hometown team, the Whalers, are interested in him. If the Whalers sign Rich for $2.5 million per year, how much is the annual "hometown discount" that the Whalers will receive?
Answers
Answer:
$2,500,000
Explanation:
can mary set up an ira and deduct the contribution form her income that is subject to federal income taxation? does the same applt to jason?
Answers
Several elements, such as Mary and Jason's taxable income, filing status, and whether they or their spouses are covered by a retirement plan at work, will determine whether they are able to open an individual retirement account (IRA) and deduct the contribution from their federal income tax.
Savings accounts with a focus on retirement planning include Individual Retirement Accounts (IRAs). Traditional and Roth IRAs are the two main varieties. Contributions to a Traditional IRA are tax deductible, and gains grow tax-deferred until they are withdrawn in retirement. When a withdrawal is made, it is taxed like regular income. With a Roth IRA, contributions can be made with after-tax money, and earnings increase tax-free. As long as certain conditions are satisfied, withdrawals from a Roth IRA are tax-free. Stocks, bonds, and mutual funds are just a few of the assets that can be purchased using IRAs. There are age and income restrictions, as well as annual limits on IRA contributions.
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The six main characteristics of money are acceptability, portability, divisibility, uniformity,.
Answers
Answer:
acceptability portability divisiblity uniformity stability divisiblitywhat is the study of business
Answers
Explanation:
The study of business is about how individuals and groups of people organise, plan, and act to create and develop goods and services to satisfy customers. Business is influenced by and impacts on the cultural, ethical, environmental, political, and economic conditions of the day
Explanation:
business studies is an academic subjects taught in many schools and higher education institutions in the world .
A property is assessed at $39,000. The local municipality has an equalization rate of 5%. What is the market value of the property...
Answers
Answer:
$780,000
Explanation:
Calculation for the market value of the property
Using this formula
Market Value=Assessed property/Equalization rate
Let plug in the formula
Market Value=$39,000/0.05
Market Value=$780,000
Therefore the market value of the property will be $780,000
Suppose a manager has already made up his or her mind about who will be selected for a position in the department. An internal job posting and subsequent interviews have shown another equally qualified candidate. Who should be offered the position and why?
Answers
If both candidates are truly equally qualified, the manager may need to engage in further discussions, consider additional input from stakeholders
When faced with an internal job posting where two candidates are equally qualified, it is important for a manager to consider fairness, transparency, and meritocracy in the decision-making process. The decision should prioritize the best interests of the organization and its employees. Here are a few factors to consider:
Merit and Performance: Evaluate the candidates based on their qualifications, skills, experience, and past performance. Consider objective criteria such as relevant job experience, proven track record, and performance evaluations to determine who has consistently demonstrated superior abilities.
Potential for Growth: Assess the potential for growth and development of each candidate. Consider their ability to take on new challenges, learn and adapt, and contribute to the long-term success of the department and organization.
Diversity and Inclusion: Consider the diversity and inclusivity goals of the organization. If one candidate brings a unique perspective, background, or skillset that would enhance diversity within the department or contribute to a more inclusive workplace, it may be a relevant factor to consider.
Fair and Transparent Process: Ensure that the decision-making process is fair, transparent, and based on objective criteria. Document and communicate the reasons for the decision to maintain trust and confidence among employees.
Ultimately, the decision should align with the organization's values and long-term objectives.
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a title examiner tries to establish who is the present owner of a certain property by reviewing all the previous deeds of the previous owners he can find. the title examiner is trying to establish:
Answers
Answer:
(If you like this answer i would appreciate if u give brainliest but otherwise, i hope this helped ^^)
Explanation:
The title examiner is trying to establish the chain of ownership or the current owner of a certain property. By reviewing the previous deeds of the property's previous owners, the title examiner aims to trace the history of ownership transfers to determine the rightful and current owner. This process helps ensure that the property's title is clear and free from any potential legal issues or claims.
Which of the following activities would be a part of the leading function of a manager? A) Devising a new strategic plan to enter a new foreign market currently dominated by a competing firm. B) Recruiting qualified workers to join the organization and assigning them to their proper position. C.Examining a financial report to see whether the firm's profits are improving and taking corrective action if they are not. D) Training and coaching workers to help them understand their job and perform it effectively.
Answers
The following tasks would be included in a manager's leading role. Employees are trained and coached to understand their jobs and do them well.
Which of the following would be a part of a manager's controlling function?Controlling entails making sure that performance adheres to norms. Three steps make up controlling: setting performance criteria, assessing actual performance against those standards, and, if necessary, remedial action.
Which of the following tasks falls under a manager's organizing responsibilities?Planning is followed by management's organizational activity. It is the activity concerned with organizing and managing human, material, and financial resources in order to accomplish organizational goals. As an illustration, this could involve developing systems, setting up teams, or setting up processes and tasks.
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Why are ethics important in the workplace?
Answers
Answer:
Ethics is important in a workplace because :
a) It creates a positive and safe work environment.
b) It helps to instill professional behavior in employees
c) It helps to maintain orderliness in an organization and prevents chaos from happening.
d) It prevents discrimination or favouritism in organizations.
e) Workplace Ethics ensures that all employees are treated fairly.
f) Workplace Ethics improves the relationships of employees with one another and this lead to the development of team work amongst employees.
Explanation:
Ethics at a workplace or Workplace Ethics can be defined as the standards or regulations that are put in place by a firm or organisation that helps to guide the behavior or attitude of employees at work such that safe work ambience is created and employees relate in a professional manner to one another.
Examples of Workplace Ethics are:
a) Punctuality
b) Honesty
c) Loyalty
d) Productivity
e) Dependability
Ethics at the workplace in important because:
a) It creates a positive and safe work environment.
b) It helps to instill professional behavior in employees
c) It helps to maintain orderliness in an organization and prevents chaos from happening.
d) It prevents discrimination or favouritism in organizations.
e) Workplace Ethics ensures that all employees are treated fairly.
f) Workplace Ethics improves the relationships of employees with one another and this lead to the development of team work amongst employees.
Answer: professional organizations
Explanation: took the test (:
When government policy moves from a budget deficit to a budget surplus and the trade deficit remains constant:
Answers
Answer:
investment will decrease if savings also remains constant
Explanation:
When government policy moves from a budget deficit to a budget surplus and the trade deficit remains constant: investment will decrease if savings also remains constant
The Consumer Financial Protection Bureau protects the interests of customers by ensuring that federal consumer-protection laws are enforced. True or False?
Answers
Answer:
true
Explanation:
The Consumer Financial Protection Bureau (CFPB) is a government agency that protects consumers' rights by:
enforcing consumer protection laws that prohibit financial institutions from practicing unfair, abusive, deceptive, predatory or discriminatory policies against its customers, e.g. redlining or charging higher interests based on race or gender.they get consumer complaints about unfair treatment from financial institutions and they investigate them.are a source of financial information about the services offered by financial institutions.are in charge of monitoring the activities of financial institutions and making sure that they do not affect consumers negatively.and others.