Author Question: Halbrooke Warehouse Inc recently incurred 263,000 in damages from an earthquake. Fireman's is ... (Read 91 times)

burchfield96 · **on:** Jun 24, 2018

Halbrooke Warehouse Inc recently incurred 263,000 in damages from an earthquake. Fireman's is responsible for 47,500 out of a total of 475,000 coverage provided by multiple carriers. If all coinsurance requirements have been met, how much of the loss will be paid by Fireman's?
A) 26,300
B) 236,700
C) 263,000
D) 47,500

Question 2

Juanita is the self-employed owner of Juanita's Linens. Her estimated annual earnings are 73,040 and she expects to pay 27 of this amount in income tax. What will be her quarterly estimated tax payment for the third quarter? (For self-employed persons, social security tax is 12.4 of wages up to 106,800, and Medicare tax is 2.9 of all wages.)
A) 2,264.24
B) 4,930.20
C) 7,723.98
D) 529.54