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
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