QUESTION 5Faisal has insured his vehicle with AXA insurance company. Throughout the year he experiences a loss in January costing 2,011, another in May costing1,404 and the last in December costing 2,812. If Faisal has a straight deductible of 384. How much will the insurer pay?

First loss = 2011 Second loss = 1404 Third loss = 2812 Straight deductible = 384, which is the…

Answered: Faisal has insured his vehicle with AXA…

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter7: Deductions And Losses: Certain Business Expenses And Losses

Section: Chapter Questions

Problem 30P

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Faisal has insured his vehicle with AXA insurance company. Throughout the year he experiences a loss in January costing 2,011, another in May costing 1,404 and the last in December costing 2,812. If Faisal has a straight deductible of 384. How much will the insurer pay?