This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Pete's wife earns 37,400 per year. If Pete dies, his family would require 56,700 to cover their ... (Read 144 times)

leo leo

  • Hero Member
  • *****
  • Posts: 566
on: Jun 24, 2018
Pete's wife earns 37,400 per year. If Pete dies, his family would require 56,700 to cover their living expenses. Some of the yearly expenses would be offset by 2,400 from stock dividends, but this is still not enough. How much insurance should Pete have to cover the shortfall, given a 13.1 prevailing interest rate? (Round to nearest 1,000)
 A) 159,000
  B) 129,000
  C) 156,000
  D) 147,000

Question 2

Find the amount of income tax withheld from Karen's semimonthly gross paycheck of 1,937.50 using the percentage method tables in Exhibits 9-1 and 9-2 from your text. Karen is married and claims 4 withholding allowances.
 A) 159.50
  B) 152.48
  C) 97.75
  D) 101.27


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

joneynes

  • Sr. Member
  • ****
  • Posts: 376
Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

D


leo leo

  • Member
  • Posts: 566
Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

dyrone

  • Member
  • Posts: 322
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

20,000 year old Arctic ground squirrel mummy 20,000 year old Arctic ground squirrel mummy
PRIMATE FAMILY TREE PRIMATE FAMILY TREE
The Mulleta family of Ethiopia, described in the opening vignette. The Mulleta family of Ethiopia, described in the opening vignette.
States that require licensing or certification. Graphic provided by Associated Bodywork & ... States that require licensing or certification. Graphic provided by Associated Bodywork & ...
No payments were made on a $2,598 loan during its three-year term. What was the annually ... No payments were made on a $2,598 loan during its three-year term. What was the annually ...
No payments were made on a $2,598 loan during its three-year term. What was the annually ... No payments were made on a $2,598 loan during its three-year term. What was the annually ...
Video: Cellular defenses (natural killer cells, phagocyte types & process of phagocytosis)

For a complete list of videos, visit our video library