Author Question: As the owner of a business, Avery needs fire insurance. His building is worth 427,000 and the ... (Read 212 times)

Deast7027 · **on:** Jun 24, 2018

As the owner of a business, Avery needs fire insurance. His building is worth 427,000 and the contents are valued at 325,600. His agent placed the building in structural classification A and area rating 4. Use Table 19-4 from your text to calculate his total premium. (Round your answer to the nearest cent)
A) 4,929.30
B) 4,534.08
C) 4,733.38
D) 4,463.83

Question 2

Compute Austin's total social security and Medicare taxes for the fourth quarter, if she is self-employed and earns 5,000.00 on a semimonthly basis. (For self-employed persons, social security tax is 12.4 of wages up to 117,000, and Medicare tax is 2.9 of all wages.)
A) 1,476.60
B) 2,295.00
C) 4,180.80
D) 4,590.00