Author Question: Carlos's wife earns 11,600 per year. If Carlos dies, his family would require 57,900 to cover their ... (Read 156 times)

melina_rosy

  • Hero Member
  • *****
  • Posts: 531
Carlos's wife earns 11,600 per year. If Carlos dies, his family would require 57,900 to cover their living expenses. Some of the yearly expenses would be offset by 29,200 from stock dividends, but this is still not enough. How much insurance should Carlos have to cover the shortfall, given a 13.7 prevailing interest rate?
 A) 298,000
  B) 423,000
  C) 3,000
  D) 125,000

Question 2

Manny is paid 2,640.00 on a monthly basis. He is single and is entitled to 1 withholding allowance. How much income, social security, and Medicare taxes will be withheld, based on the combined wage bracket tables in Exhibits 9-3 and 9-4 from your text?
 A) 478.43
  B) 417.49
  C) 487.49
  D) 508.49



Melissahxx

  • Sr. Member
  • ****
  • Posts: 304
Answer to Question 1

D

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

For a complete list of videos, visit our video library