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 96 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
Gracias!

kthug

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

A signature sequence in the EF-1α/EF-Tu protein family A signature sequence in the EF-1α/EF-Tu protein family
This January 1937 photo from Sneedville, Tennessee, shows Eunice Johns, age 9, and her husband, ... This January 1937 photo from Sneedville, Tennessee, shows Eunice Johns, age 9, and her husband, ...
Working and Living and Playing in the City Dump of Phnom Penh, Cambodia Working and Living and Playing in the City Dump of Phnom Penh, Cambodia
Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ... Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ...
The family described in Example Case 2 The family described in Example Case 2
Video: How a Urinalysis is Performed

For a complete list of videos, visit our video library