Author Question: If Tanya's husband were to die, she and her children could live on 60,400 per year. Tanya makes ... (Read 127 times)

luminitza · **on:** Jun 24, 2018

If Tanya's husband were to die, she and her children could live on 60,400 per year. Tanya makes 33,100 annually, and estimates additional income of 21,500 from other sources. How much insurance should she purchase on her husband to cover the shortfall, assuming a 16.7 prevailing interest rate? (Round your answer to the nearest 1,000)
A) 28,000
B) 36,000
C) 35,000
D) 30,000

Question 2

Cazz receives a semimonthly paycheck from a jazz club of 4,500.00. He is married and is entitled to 1 withholding allowance. Using the percentage method, calculate the amount of income tax that should be withheld from his paycheck each pay period. Use tables in Exhibits 9-1 and 9-2 from your text.
A) 732.41
B) 931.41
C) 650.55
D) 630.54