At age 30, Ravonda purchased a whole life insurance policy with a ...

[corkyiscool3328]

At age 30, Ravonda purchased a whole life insurance policy with a face value of 115,325. She is now 40 and wants to cancel her policy. Use Table 19-3 from your text to calculate the amount of reduced paid-up insurance to which she is entitled.
 A) 21,491.58
  B) 21,450.45
  C) 18,340.00
  D) 26,222.22

Question 2

Find the amount of income tax withheld from Sun Jung's monthly paycheck of 8,612.50 using the percentage method tables in Exhibits 9-1 and 9-2 from your text. Sun Jung is single and claims 2 withholding allowances.
 A) 1,156.36
  B) 1,279.24
  C) 1,605.86
  D) 1,754.27

[flexer1n1]

Answer to Question 1

B

Answer to Question 2

C

[corkyiscool3328]

Thank you

[flexer1n1]

Happy to help you