At age 29, Akeem has decided to purchase a 10-year term insurance policy with face value of 240,000. Use Tables 19-1 and 19-2 in your text to calculate his quarterly premium.
A) 326.35
B) 290.44
C) 152.38
D) 751.90
Q. 2Gross earnings refers to the amount of earnings on a paycheck after the payroll deductions have been withheld.
Indicate whether the statement is true or false
Q. 3Asuncin was involved in an auto accident in which she was at fault. Her own car sustained 2,503 damages and the other vehicle cost 396 to repair. Asuncin was not injured, but the driver of the other car required medical treatment costing 2,298. There was additional property damage in the amount of 2,558. Asuncin's policy includes 10/20/5 liability, 250 deductible collision, and 100 deductible comprehensive. How much of the damages must Asuncion pay?
A) 250
B) 396
C) 7,505
D) 7,755
Q. 4Barron Foster is a salesman for a new car dealer. He is paid 4.5 straight commission with 1,900.00 drawing account. If he receives the draw at the beginning of the month and then sells 205,110.00 during the month, how much commission is owed to Barron?
Q. 5Scott was involved in an auto accident in which he was at fault. His own car sustained 2,380 damages and the other vehicle cost 2,748 to repair. Scott was not injured, but the driver of the other car required medical treatment costing 32,180. Scott's policy includes 10/20/5 liability, 250 deductible collision, and full coverage comprehensive. How much of the damages must the insurance company pay?
A) 14,878
B) 22,430
C) 32,180
D) 37,308
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