Based on the information in Marcus's auto insurance application, his agent has assigned Marcus to driver class 1 and placed his 10-year old car in model class J. The state where he lives requires minimum liability coverage of 15/30/10, and he also wants 250 deductible collision and 100 deductible comprehensive. Using Tables 19-6 and 19-7 from your text, find his total premium, if his state is in territory 3, and he has received a rating factor of 2.1. (Round your answer to the nearest cent)
A) 300.00
B) 360.00
C) 630.00
D) 491.40
Question 2
The last semimonthly payroll of Garcia Carpentry was 84,248 of gross wages for 38 employees. The company pays 5.2 of payroll for vacations and sick leave and 72.22 per employee for health insurance. What percent of payroll is the total cost of fringe benefits? (Round your answer to the nearest tenth of a percent)
A) 2.9
B) 8.5
C) 9.5
D) 25.4
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