KB Pay Quiz November 1st Answer 'O' & Star Quiz 'Baby Cut'! (ft. 'HomeTax Card Registration' Pro Tip, 'Interest Rate Steps' Terminology Guide!)
Folks! Folks! 😲 It's the first day of November! **Saturday, November 1st** morning has dawned!
You all worked so hard on AppTech throughout October. Gotta start the new month feeling good with valuable points, right? 💰
Today, once again, the answers for **KB Pay Today's Quiz** and **KB Star Banking Star Quiz** are out!
The first quizzes of November, as expected, feature 'real' financial common sense questions that are 'money-making'! 🤓
- KB Pay: For business owners, a 'must-know' pro tip for **'HomeTax Card Registration'**! 💳
- KB Star Banking: The term **'interest rate cut'** that's in the news every day! "Baby Cut? Big Step?" 📈📉
"Oh, I'm confused..." 🤯 If you were, don't worry!
Not just the answers! I'll meticulously compile everything, in over 1500 characters, including 'real' pro tips that can directly help with your 'taxes' and 'interest'! 🚀
Saturday, November 1st! The first AppTech day of November! I'm sharing the answers to today's KB Pay Quiz and Star Quiz 'as fast as possible'.
The fun of solving quizzes and accumulating Pointli every day! Today's quizzes contained truly useful financial common sense for daily life, too valuable to just get the answer and move on. 🤓
Along with today's quiz answers, I'll delve into the hidden 'Comprehensive Income Tax filing pro tips' and 'Interest Rate Terminology' TMI!
1. KB Pay Today's Quiz: "Business Card, HomeTax Registration Essential?" 💳 (November 1st)
First, it's KB Pay Today's Quiz! This question is a crucial tax-related pro tip for sole proprietors and freelancers!
❓ Today's Question:
Registering a business card with HomeTax allows you to automatically retrieve usage details, conveniently processing comprehensive income tax returns and VAT refunds.
✅ Answer: ○ (True)
💡 [Answer Explanation & 'Real' Tax Saving Pro Tips! - Importance of HomeTax Business Credit Card Registration!]
The answer is **'O (True)'**!
"Huh? Isn't this a pro tip essential for all business owners, not just a quiz?" 😲 Yes, that's right! KB Pay kindly provided 'essential tax-saving tips' for business owners through this quiz!
- 'Business Card HomeTax Registration', Why is it necessary? (This is the key!)
Sole proprietors and freelancers! Didn't you get a headache every year in May for 'Comprehensive Income Tax' filing, and July/January for 'Value-Added Tax' filing, by manually attaching all your card receipts? 🤯
(Key!) ➡️ If you pre-register your 'business credit card' on the National Tax Service 'HomeTax' website, **HomeTax will automatically retrieve all your business-related card usage details!**
This means you don't have to worry about "Is this expense deductible?" or "What if I lose the receipt?" and manually collect paper receipts. HomeTax will conveniently organize everything for you, stating, "Mr. President, you spent this much for business this month (or quarter)~" - What benefits come with registering a business credit card?
- 1️⃣ Value-Added Tax (VAT) Refund: When claiming back 'VAT' included in your business expenses (input tax deduction), you can meticulously claim everything without omission, avoiding tedious procedures!
- 2️⃣ Comprehensive Income Tax Savings: All business-related expenses must be processed as 'expenses'. Registering a business card ensures accurate expense processing, which reduces your 'business income' (net income), thereby significantly saving on the 'Comprehensive Income Tax' you ultimately have to pay!
- Conclusion: If you are a business owner (individual or corporate, no matter what), it is **unconditionally!** beneficial to register your business card with HomeTax. It is the smartest and most fundamental way to **avoid 'tax bombs' and maximize 'tax saving effects'**! Thanks to today's quiz, we learned an important tax-saving tip! 👍
2. KB Star Banking Star Quiz: "Interest Rates, How Much of a Cut is a 'Big Step'?" 📉 (November 1st)
Next up is the KB Star Banking Star Quiz! These are terms that constantly appear in economic news related to the 'Monetary Policy Committee' and 'Federal Reserve'! Knowing them will help you understand economic news better.
❓ Today's Question:
Among the terms for interest rate cuts, which one is incorrect?
(The correct option among the choices is '0.25%p cut: Baby Cut'.)
✅ Answer: 0.25%p cut: Baby Cut
💡 [Answer Explanation & 'Real' Economic TMI! - Master 'Interest Rate Steps' Terminology!]
The answer is **'0.25%p cut: Baby Cut'**!
"Huh? 0.25%p is Baby... and 'cut' is correct for a decrease, right? What's wrong with it?" 🧐 If you thought that! Unfortunately, it's not the precise terminology. Let me tell you why this term is presented as 'incorrect' in the answer!
- 'Step' Terminology Guide! (Key to Understanding Economic News!)
These terms originated from Wall Street in the United States and are used by central banks (e.g., Bank of Korea's Monetary Policy Committee, U.S. Federal Reserve's Federal Open Market Committee-FOMC) to indicate the 'magnitude' when they raise (increase) or lower (decrease) key interest rates according to economic conditions.
🔑 **The core term is 'Step'!**- 1️⃣ 'Baby Step' = 0.25%p increase or decrease (the most basic interest rate change magnitude)
- 2️⃣ 'Big Step' = 0.50%p increase or decrease (meaning a movement of two steps!)
- 3️⃣ 'Giant Step' = 0.75%p increase or decrease (a large interest rate change that can have a significant shockwave effect on the economy! 🤯)
- 4️⃣ 'Ultra Step' = 1.00%p increase or decrease (extremely rarely used, and truly a 'shock' level interest rate change!)
- Why is 'Baby Cut' incorrect?
While it's correct to express an interest rate 'decrease' as 'Rate **Cut**' in English, as explained above, 'Step' is the agreed-upon term among economic players to denote the 'magnitude' of the interest rate change! Therefore, "0.25%p **decrease**" should officially be called "**Baby Step** decrease" or "25bp (Basic Point) **cut**", and the term 'Baby Cut' is not officially used! (While some media may occasionally use it metaphorically, it is not the accurate term.) - Why is this important? (Economic news becomes 'your money' story!) 💰
When the Bank of Korea's Monetary Policy Committee or the U.S. Federal Reserve (FOMC) announces, "We implemented a **Big Step** this time"? ➡️ "Ah! The key interest rate increased by 0.5%p! My **variable-rate loan interest** 😱 will go up soon... My **deposit interest** 😊 might increase a bit! What should I do?" and so on.
This allows you to immediately understand the content of economic news and apply it directly to your asset management plans (loans, deposits, investments, etc.)! It's important common sense to boost your financial literacy!
3. 'AppTech', Consistency is Key! (KB Pointli Utilization Pro Tips)
If you answered both quizzes correctly today, valuable KB Pointli should have been accumulated. It's the first points of November, on the first day of the month! 🥳 Participating consistently in 'AppTech' like this every day brings small but certain pleasure!
KB Pay & KB Star Banking AppTech Feature Utilization:
- Today's Quiz: Participate in 1-2 quizzes daily on the KB Pay and KB Star Banking apps to accumulate Pointli! You can collect points every day with a small time investment.
- Attendance Check: Just by visiting each app daily, you can receive a certain amount of Pointli or points in the form of a random box!
- Payment Rewards: When making online/offline payments with KB Pay, utilize promotions that offer additional Pointli accumulation or discount benefits at specific merchants!
- Open Banking Free Transfers: You can transfer money to other bank accounts without fees through KB Pay. Even small fee savings add up to a significant amount in the long run!
- Various Events: Regularly check the 'Events' tab within the app to not miss out on opportunities to earn additional points or prizes!
'KB Pointli', Where Can You Use It? (Equivalent to Cash!)
KB Pointli has a value of **1 Pointli = 1 KRW in cash**, and it can be used very diversely and usefully like cash within KB Financial Group services!
- Card Payment Deduction: One of the most common ways to use them, you can use your accumulated Pointli to pay your KB Kookmin Card bill. (Full or partial use available.)
- Conversion to Partner Points: It can be converted to various partner points like Naver Pay, SSG Money, L.Point, or airline miles!
- ATM Cash Withdrawal: If you have 10,000 points or more, you can withdraw it directly as cash from any KB Kookmin Bank ATM nationwide without using a physical card! 😲
- Deposit to Account: You can deposit it into your own KB Kookmin Bank account to convert it to cash!
- Gifting: You can also gift Pointli to friends or family.
Today's KB Pay and KB Star Banking quizzes answers confirmed! 🥳 We got the answers right and gained valuable insights including a 'HomeTax Card Registration' pro tip for November's 'Comprehensive Income Tax' filing, and 'Interest Rate Step' terminology to sound smart when economic news comes on! It was a truly fulfilling AppTech session. 😊
Start November off with a good feeling!
I'll be back tomorrow with fast and accurate quiz answers! 👋
Folks, are you properly using the 'HomeTax business credit card registration' function? 🤔 "Interest rate freeze... Baby Step cut..." Which 'step' do you hope for the most? Share your thoughts and experiences in the comments! 👇
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