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Author Question: Pern purchased a 20-year endowment insurance policy having a face value of 20,000 when she was 20 ... (Read 108 times)

crazycityslicker

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on: Jun 24, 2018
Pern purchased a 20-year endowment insurance policy having a face value of 20,000 when she was 20 years old. Based on Table 19-3 from your text, what is the cash value of her policy if she is now 30 years old?
 A) 2,191
  B) 2,910
  C) 3,324
  D) 6,480

Question 2

What will be the total deduction for social security and Medicare taxes on Rony's next semimonthly paycheck of 3,960.00, if she has already earned 42,560.00 this year? (Social security tax is 6.2 of gross wages up to 117,00. Medicare tax is 1.45 of all gross wages.)
 A) 283.52
  B) 302.94
  C) 101.87
  D) 242.92


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flannelavenger

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

D

Answer to Question 2

B


crazycityslicker

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

mcarey591

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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