Entity A, a manufacturing entity, obtains insurance against product liability from Entity B, an insurance company. Entity B then cedes the insurance contact with Entity C, another insurance company. 1. How does Entity B account for the insurance contract with Entity A? a. General model b. Premium Allocation Approach c. a or b d. Not accounted for under PFRS 17 2. How does Entity C account for the insurance contract ceded by Entity B? a. General model b. Premium Allocation Approach c. a orb d. Modification to general model for reinsurance contracts held 3. How does Entity B account for the insurance contract ceded to Entity C? a. General model b. Premium Allocation Approach c. a or b d. Modification to general model for reinsurance contracts held

How would I calculate this problem? I just guessed on which answer made sense to me. Please help. thank you in advance.

Please provide only typed answer solution no handwritten solution needed allowed... Please do it neat and clean correctly.

Tam attended Brown University during 2017-2021. She lived at home and was claimed by her parents as a dependent during her entire education. She incurred education expenses of $10,000 during college, of which $2,000 was paid for by scholarships. To finance her education, she borrowed $6,000 through a federal student loan program and borrowed another $4,000 from a local lending institution for educational purposes. After graduation, she married and moved with her spouse to a distant city. In 2022, she incurred $600 of interest on the federal loans and $400 on the lending institution loan. She filed a joint return with her spouse showing modified AGI of $138,000. Required: What amount of student loan interest can Tam and her spouse deduct in 2022, if any?