This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Ana Maria's family would need 35,500 for annual living expenses if she should pass away. Her husband ... (Read 35 times)

KWilfred

  • Hero Member
  • *****
  • Posts: 570
on: Jun 24, 2018
Ana Maria's family would need 35,500 for annual living expenses if she should pass away. Her husband earns 13,100 per year and the family has additional yearly income of 12,000 from investments. If the prevailing interest rate is 13.3, how much life insurance is needed to cover the family's income shortfall? (Round your answer to the nearest 1,000)
 A) 78,000
  B) 267,000
  C) 189,000
  D) 2,000

Question 2

Christopher receives gross monthly wages of 5,250.00. He is married and is entitled to 3 withholding allowances. How much income tax will be withheld, based on the percentage method tables in Exhibits 9-1 and 9-2 from your text?
 A) 539.22
  B) 458.11
  C) 690.12
  D) 787.50


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jasonq

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

B


KWilfred

  • Member
  • Posts: 570
Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

Dominic

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

These older adults are participating in an exercise class at their assisted-living facility These older adults are participating in an exercise class at their assisted-living facility
Biological transistor enables computing within living cells Biological transistor enables computing within living cells
For Your Consideration: If you had been reared in an Amish family, how would your ideas, attitudes, ... For Your Consideration: If you had been reared in an Amish family, how would your ideas, attitudes, ...
As with other groups, there is no such thing as the Latino family. Some Latino families speak little ... As with other groups, there is no such thing as the Latino family. Some Latino families speak little ...
Video: Chromosome structural organization/ Mechanisms for chromosome movement Animation

For a complete list of videos, visit our video library