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Author Question: Ana Maria's family would need 35,500 for annual living expenses if she should pass away. Her husband ... (Read 109 times)

KWilfred

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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


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jasonq

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Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

B


KWilfred

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

ryhom

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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