Author Question: A flood caused 620,000 in damages to a building owned by Super Storage Inc The building, valued at ... (Read 118 times)

storky111 · **on:** Jun 24, 2018

A flood caused 620,000 in damages to a building owned by Super Storage Inc The building, valued at 1,035,000, was insured for 847,000 despite a coinsurance requirement of 90 in their policy. How much of the loss will be covered by the insurance company?
A) 558,000.00
B) 620,000.00
C) 507,381.64
D) 563,757.38

Question 2

Bono is the self-employed owner of JAB Consulting. Her estimated annual earnings are 68,480.00 and she expects to pay 22 of this amount in income tax. What will be her quarterly estimated tax payment for the second 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) 6,385.76
B) 3,766.40
C) 2,122.88
D) 496.48