Author Question: Yolanda wishes to obtain fire insurance for a rental property she owns. The building is valued at ... (Read 78 times)

yoroshambo · **on:** Jun 24, 2018

Yolanda wishes to obtain fire insurance for a rental property she owns. The building is valued at 480,000 and the contents are worth 635,800. Based on Table 19-4 from your text, what would be her total premium if the building has a structural classification of C and area rating of 1? (Round your answer to the nearest cent)
A) 4,494.36
B) 4,444.00
C) 4,250.36
D) 4,649.36

Question 2

Family Flowers employs 17 people, of whom 14 earn gross pay of 640.00 each and 3 earn gross pay of 720.00 each on a weekly basis. What is the employer's share of total social security and Medicare taxes for the first quarter of the year? (Social security tax is 6.2 of wages up to 117,000. Medicare tax is 1.45 of all wages.)
A) 640.00
B) 720.00
C) 850.68
D) 11,058.84