Based on the information in Marcus's auto insurance application, his agent has assigned Marcus to driver class 1 and placed his 10-year old car in model class J. The state where he lives requires minimum liability coverage of 15/30/10, and he also wants 250 deductible collision and 100 deductible comprehensive. Using Tables 19-6 and 19-7 from your text, find his total premium, if his state is in territory 3, and he has received a rating factor of 2.1. (Round your answer to the nearest cent)
A) 300.00
B) 360.00
C) 630.00
D) 491.40
Q. 2The last semimonthly payroll of Garcia Carpentry was 84,248 of gross wages for 38 employees. The company pays 5.2 of payroll for vacations and sick leave and 72.22 per employee for health insurance. What percent of payroll is the total cost of fringe benefits? (Round your answer to the nearest tenth of a percent)
A) 2.9
B) 8.5
C) 9.5
D) 25.4
Q. 3Vandome Pizzeria recently incurred 174,000 in damages from an earthquake. Massive Mutual is responsible for 240,800 out of a total of 688,000 coverage provided by multiple carriers. If all coinsurance requirements have been met, how much of the loss will be paid by Massive Mutual?
A) 60,900
B) 125,731
C) 174,000
D) 83,419
Q. 4East Coast DVD employs 54 workers with a gross biweekly payroll of 94,126. Fringe benefits are 10.18 per employee for life insurance and 12.3 of payroll for a stock purchase plan. What is the total cost of fringe benefits?
A) 5,494.28
B) 104,126.22
C) 2357.34
D) 12,127.22
Q. 5A hurricane caused 465,000 in damages to a building owned by Cane Consulting. The building was insured by several carriers for a total of 950,000 and all coinsurance requirements were met. If Supreme Insurance is providing 475,000 of the total coverage, what is their share of the loss?
A) 465,000
B) 455,211
C) 232,500
D) 387,962
Q. 6Gina's base pay rate is 12.25 per hour, with overtime pay of time-and-a-half, and double-time for holidays. Calculate her gross pay if she worked 4.5 holiday hours in addition to 39 hours Monday through Saturday. (Round your answer to the nearest cent)
A) 688.00
B) 588.00
C) 532.88
D) 798.25
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