Author Question: The insurance carrier used by Wayne's Pool Service specifies 65 coinsurance. The company recently ... (Read 45 times)

HCHenry

  • Hero Member
  • *****
  • Posts: 591
The insurance carrier used by Wayne's Pool Service specifies 65 coinsurance. The company recently incurred 233,000 in damages from a tornado. The building was valued at 390,000, but was only insured for 209,000. What will the insurance company pay for the loss?
 A) 144,460.00
  B) 192,098.62
  C) 209,000.00
  D) 233,000.00

Question 2

Scott Stewart is the self-employed owner of Stewart Software. His estimated annual earnings are 48,000.00 and he expects to pay 18 of this amount in income tax. What will be his 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) 348.00
  B) 2,160.00
  C) 3,996.00
  D) 1,488.00



Danny Ewald

  • Sr. Member
  • ****
  • Posts: 332
Answer to Question 1

B

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

For a complete list of videos, visit our video library