The Fair Debt Collection Practices Act
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prohibits debt collectors from engaging in certain practices
a. Contacting a debtor at his place of employment if the employer objects
b. Contacting a debtor at unusual or inconvenient times or, if the debtor is
represented by an attorney, at any time
c. Contacting third parties about the payment of the debt without court
authorization
, d. Harassing or intimidating debtor or using false and misleading
approaches
e. Communicating with the debtor after receipt of notice that the debtor is
refusing to pay the debt except to advise the debtor of action to be taken
by the collection agency
Chained Consumer Price Index (C-CPI) (chain weighted CPI)
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-measure of inflation
-measures the market cost of a basket of consumer goods or services
-the consumer's ability to seek out more cost effective options in the
marketplace for substitution is factored into the inflation calculation. The
result is a measure of inflation that increases at a slower rate when
compared to CPI
-TCJA uses C-CPI as an index for determining tax brackets and qualification
for tax deductions
Price elasticity of demand
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Price elasticity is the responsiveness of the quantity demanded of a good
to changes in the good's price, other factors held constant
the elasticity depends on the percentage changes in price and quantity
nominal interest rate
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, measures the yield in dollars per year per dollar invested
Lifetime Learning Credit
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20% of the first $10,000 of qualified tuition expenses paid by the taxpayer
for any year in which the American Opportunity Tax Credit is not claimed
for the same child; Only one credit is allowed per child per year; in other
words, the American Opportunity Tax Credit and the Lifetime Learning
Credit may not both be claimed in the same year for the same student
-unlimited number of years
-undergraduate, graduate, or professional degree programs
-MAGI phaseouts:
Married filing jointly: $160,000-$180,000
Single: $80,000-$90,000
Married filing separately: not available
FINRA (FINANCIAL INDUSTRY REGULATORY AUTHORITY)
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Persons wanting to sell securities must be registered with FINRA
Responsibility delegated to FINRA by the SEC
Series 6, 7, 65/66, 24 are FINRA Licenses (see Exhibit)
Maloney Act of 1938
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, Brought the OTC market under the regulation of the SEC and called for
self-regulation of OTC securities dealers
Restrictive (tight) monetary policy
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-the supply of money is restricted, resulting in less money available for
banks to lend.
-This leads to an increase in interest rates.
-The Fed will use in times of inflation
Peak of the Business Cycle
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the point at the end of the expansion phase when most businesses are
operating at capacity and gross domestic product (GDP) is increasing
rapidly. The peak is the point at which GDP is at its highest point and
exceeds the long-run average GDP. Usually, employment peaks at this
point
Coincident indicators
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prohibits debt collectors from engaging in certain practices
a. Contacting a debtor at his place of employment if the employer objects
b. Contacting a debtor at unusual or inconvenient times or, if the debtor is
represented by an attorney, at any time
c. Contacting third parties about the payment of the debt without court
authorization
, d. Harassing or intimidating debtor or using false and misleading
approaches
e. Communicating with the debtor after receipt of notice that the debtor is
refusing to pay the debt except to advise the debtor of action to be taken
by the collection agency
Chained Consumer Price Index (C-CPI) (chain weighted CPI)
Give this one a try later!
-measure of inflation
-measures the market cost of a basket of consumer goods or services
-the consumer's ability to seek out more cost effective options in the
marketplace for substitution is factored into the inflation calculation. The
result is a measure of inflation that increases at a slower rate when
compared to CPI
-TCJA uses C-CPI as an index for determining tax brackets and qualification
for tax deductions
Price elasticity of demand
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Price elasticity is the responsiveness of the quantity demanded of a good
to changes in the good's price, other factors held constant
the elasticity depends on the percentage changes in price and quantity
nominal interest rate
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, measures the yield in dollars per year per dollar invested
Lifetime Learning Credit
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20% of the first $10,000 of qualified tuition expenses paid by the taxpayer
for any year in which the American Opportunity Tax Credit is not claimed
for the same child; Only one credit is allowed per child per year; in other
words, the American Opportunity Tax Credit and the Lifetime Learning
Credit may not both be claimed in the same year for the same student
-unlimited number of years
-undergraduate, graduate, or professional degree programs
-MAGI phaseouts:
Married filing jointly: $160,000-$180,000
Single: $80,000-$90,000
Married filing separately: not available
FINRA (FINANCIAL INDUSTRY REGULATORY AUTHORITY)
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Persons wanting to sell securities must be registered with FINRA
Responsibility delegated to FINRA by the SEC
Series 6, 7, 65/66, 24 are FINRA Licenses (see Exhibit)
Maloney Act of 1938
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, Brought the OTC market under the regulation of the SEC and called for
self-regulation of OTC securities dealers
Restrictive (tight) monetary policy
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-the supply of money is restricted, resulting in less money available for
banks to lend.
-This leads to an increase in interest rates.
-The Fed will use in times of inflation
Peak of the Business Cycle
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the point at the end of the expansion phase when most businesses are
operating at capacity and gross domestic product (GDP) is increasing
rapidly. The peak is the point at which GDP is at its highest point and
exceeds the long-run average GDP. Usually, employment peaks at this
point
Coincident indicators
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