12. Kristen has a Medigap insurance policy. She is receiving custodial care in her home that Medicare does not cover. The cost of the care is $50 per day. How much of the daily amount will her Medigap insurance pay? 04.50 0.525 0537.50 04.550

Insurance underwriting relies heavily on statistics to determine the amount of insurance premium to charge. The probability that a 25-year-old female will live another year is 0.99786 based on data from the national registry agency. Calculate the insurance premium an insurance company would charge to break even on a 1 year $0.5million term-life insurance policy?

A friend, explaining his position with respect to liability insurance, states, “I don’t feel I need the high limits of liability because I don’t make that much money. If I were a doctor or a lawyer, I would carry higher limits of liability coverage, but since I am not, the $100,000 minimum included in my homeowner’s policy is enough.” Is the friend's claim justifiable? Why or why not?

You are the sole wage earner in a "typical family," with $102,000 gross annual income. Use the income replacement method to determine how much life insurance you should carry. (Omit the "$" sign In your response.) Value of Insurance $

6 Stella and Josh are young parents of two children, aged 1and 3  Stella is employed as a senior manager at a company where she is covered under a group i up his job to look after the children and is not covered under any insurance plan. The couple meets with an insurance agent to discuss their options to cover for child the event of Josh's disability. Which of the following recommendations is the agent likely to provide?

Problem 10-9 (LO10.1) Using the "nonworking" spouse method, what should be the life insurance needs for a family whose youngest child is 5 years old? Insurance need

1. Robert works for American Motors. American Motors pays a $1,200 premium on Robert's health insurance in 2021. Robert has an operation on his big toe in 2021 that cost $7,200. The insurance company paid for $6,800 of it. Which one of the following is true for 2021? a.Robert must claim the $1,200 premium and the $6,800 insurance payment as income. b.Robert must claim the $1,200 premium paid by his employer as income. c.Robert must claim the $6,800 paid by the insurance company for the operation as income. d.None of these events are taxable on his 2021 return.   2. Electronically filed tax returns: a.Have error rates similar to paper returns. b.Offer faster refunds than paper returns. c.May not be transmitted from a taxpayer's home computer. d.Constitute less than 50 percent of the returns filed with the IRS.   3. John, age 25, is a full-time student at a state university. John lives with his unmarried sister, Ann, who provides over half of his support. His only income is $4,400 of…

Personal automobile policy coverage. Zachary Lee has a personal automobile policy [PAP] with coverage of $25,000/$50,000 for bodily injury liability, $25,000 for property damage liability, $5,000 for medical payments, and a $500 deductible for collision insurance. How much will his insurance cover in each of the following situations? Will he have any out-of-pocket costs? Zachary loses control and skids on ice, running into a parked car and causing $3,785 damage to the unoccupied vehicle and $2,350 damage to his own car. Zachary runs a stop sign and causes a serious auto accident, badly injuring two people. The injured parties win lawsuits against him for $30,000 each. Zachary’s 18-year old son borrows his car. He backs into a telephone pole and causes $450 damage to the car.

Isis quit her job at A Corp. While at A Corp., Isis was enrolled in their group health insurance plan. Now, Isis works for C Corp., which also has a group insurance plan. According to the Health Insurance Portability and Accountability Act, C Corp. must ______.   a. pay A Corp. so that Isis can maintain her health insurance through A Corp   b. wait to enroll Isis in C Corp.'s plan until she has been employed with the company for 1 year   c. reimburse Isis for any out-of-pocket expenses she incurred while unemployed   d. allow her to participate in the company group health insurance plan

Child and Dependent Care Credit (LO 7.3) Marty and Jean are married and have 4-year-old twins. Jean is going to school full-time for 9 months of the year, and Marty earns $44,500. The twins are in day care so Jean can go to school while Marty is at work. The cost of day care is $9,100. TABLE 6.1 CHILD AND DEPENDENT CARE CREDIT PERCENTAGES Adjusted Gross Income   Applicable Percentage Over   But Not Over     $0 – $15,000   35% 15,000 – 17,000   34% 17,000 – 19,000   33% 19,000 – 21,000   32% 21,000 – 23,000   31% 23,000 – 25,000   30% 25,000 – 27,000   29% 27,000 – 29,000   28% 29,000 – 31,000   27% 31,000 – 33,000   26% 33,000 – 35,000   25% 35,000 – 37,000   24% 37,000 – 39,000   23% 39,000 – 41,000   22% 41,000 – 43,000   21% 43,000 – No limit   20% What is their child and dependent care credit?$fill in the blank 1 Answer was wrong when i put $900 and also when put in 16000.