If you had 10/20/5 coverage and were in a car accident causing injury to three people with injuries totaling $13,200, $8,200, and $6,200. (Leave no cells blank - be certain to enter "0" wherever required.)   a. How much would you have to pay out of pocket? Out of pocket: b. If you had 50/100/50 coverage for the same scenario, how much would you have to pay out of pocket? Out of pocket: c. What is the difference? Difference:

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter7: Losses—deductions And Limitations
Section: Chapter Questions
Problem 47P
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If you had 10/20/5 coverage and were in a car accident causing injury to three people with injuries totaling $13,200, $8,200, and $6,200.

(Leave no cells blank - be certain to enter "0" wherever required.)

 

a. How much would you have to pay out of pocket?

Out of pocket:

b. If you had 50/100/50 coverage for the same scenario, how much would you have to pay out of pocket?

Out of pocket:

c. What is the difference?

Difference:

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