Insurance: You are still not done allocating your paycheck. Assume that you pay annually 0.5% of your home value in home insurance. You also pay $1,000/ year in auto insurance, $2,500/year in medical and dental insurance, and $350 / year in life insurance. What is your monthly payment for these deductions?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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f) Insurance:
Home Insurance (0.5% House Value) =
Auto Insurance =
Medical/Dental Insurance =
Life Insurance =
Total Insurance Costs =
/month
/ month
/month
/ month
/month
Transcribed Image Text:f) Insurance: Home Insurance (0.5% House Value) = Auto Insurance = Medical/Dental Insurance = Life Insurance = Total Insurance Costs = /month / month /month / month /month
f. Insurance: You are still not done allocating your paycheck. Assume that you pay annually 0.5% of your
home value in home insurance. You also pay $1,000/year in auto insurance, $2,500/year in medical
and dental insurance, and $350 / year in life insurance. What is your monthly payment for these
deductions?
Transcribed Image Text:f. Insurance: You are still not done allocating your paycheck. Assume that you pay annually 0.5% of your home value in home insurance. You also pay $1,000/year in auto insurance, $2,500/year in medical and dental insurance, and $350 / year in life insurance. What is your monthly payment for these deductions?
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