2. Using Table 19-5 and 19-6, find the annual premium for an automobile insurance policy forSandra who has a good credit rating. She lives in Territory 1 and buys 50/100/50 coverage forher liability protection. Sandra's vehicle is Model Class 2 and is five years old. In addition to theliability coverage, she purchased comprehensive and collision insurance with a $250deductible on comprehensive and a $500 deductible on collision.TABLE 19-5Annual Automobile Liability Insurance PremiumsTerritory 1Territory 2Liability Limits*GOODОССBADGOODОССBAD50/100/50385600846354552778100/300/100425682961391627884250/500/2504607501036423690953500/1000/50053084312084887761111GOOD = good credit; OCC = occasional payments past 30 days; BAD = judgments, collection, bankruptcy"Bodily injury maximum for one person/Total bodily injury coverage per accident/Property damageTABLE 19-6Annual Auto Insurance Premium Rates for Comprehensive and CollisionTerritory 1ComprehensiveCollision$0 DeductibleOCC BAD GOODVehicle$250 Deductible$500 DeductibleGOODModel$1,000 DeductibleClassBADAge0–1GOODОССBADOCGOODOCCBAD127910741584934112939362875953585547175311262-352083110053505596764497183966339464-53976357682674275163966339463495578336+3745987232524024863325307932924676980-1502803971338540653503804120244370810582-34477158643014815814176679983675878794-53425466602303674443675878783235177736+32151462121634641829747470926141862430-1472755913318508614478764114242167210062-34206728122834525463926279383455528264-53215136212163454173425478183014817206+302483584203325393277442661244389582Territory 2ComprehensiveCollision$0 DeductibleVehicleAgeModel$250 Deductible$500 Deductible$1,000 DeductibleClassGOODOCCBADGOODOCCBADGOODОССBADGOODOCCBAD10-1514822994346553668492787117743369310362–34577328843084925944136619883645828704-53495596762353764543645828713215137676+32952663622135442730548873026943064220–144270785429747557446373911064076519742-33936297602654235113846149183385408084-53014815812023233913385408072974757116+2834525471903043682734366532403845750–141566480328044754044070210513876199252-33705917152493984813615778633185087604-52834525461903043673155037522774436626+266425514179286346255407608224358536GOOD = good credit; OCC = occasional payments past 30 days; BAD = judgments, collection, bankruptcy

in this you have to use both tablets to get annual premium.

liability protection. Sandra's vehicle is Model Class 2 and is five years old. In addition mility coverage, she purchased comprehensive and collision insurance with a $250 ductible on comprehensive and a $500 deductible on collision. BLE 19-5 nual Automobile Liability Insurance Premiums Territory 1 Territory 2 ability Limits 100/50 GOOD ОСС BAD GOOD ОСС 385 600 846 354 552 D/300/100 425 682 961 391 627 D/500/250 460 750 1036 423 690 D/1000/500 530 843 1208 488 776 OD = good credit; OCC = occasional payments past 30 days; BAD = judgments, collection, bankr dily injury maximum for one person/Total bodily injury coverage per accident/Property damage E 19-6 Auto Insurance Premium Rates for Comprehensive and Collision Territory 1 Comprehensive Collision $0 Deductible BAD $250 Deductible OCC $500 Deductible BAD Vehicle $1,000 Deductib Age GOOD OCC GOOD BAD GOOD OCC GOOD OCC 0-1 584 934 1129 393 628 759 535 855 1279 471 753 2-3 520 831 1005 350 559 676 449 718 1074 396 633

liability protection. Sandra's vehicle is Model Class 2 and is five years old. In addition mility coverage, she purchased comprehensive and collision insurance with a $250 ductible on comprehensive and a $500 deductible on collision. BLE 19-5 nual Automobile Liability Insurance Premiums Territory 1 Territory 2 ability Limits 100/50 GOOD ОСС BAD GOOD ОСС 385 600 846 354 552 D/300/100 425 682 961 391 627 D/500/250 460 750 1036 423 690 D/1000/500 530 843 1208 488 776 OD = good credit; OCC = occasional payments past 30 days; BAD = judgments, collection, bankr dily injury maximum for one person/Total bodily injury coverage per accident/Property damage E 19-6 Auto Insurance Premium Rates for Comprehensive and Collision Territory 1 Comprehensive Collision $0 Deductible BAD $250 Deductible OCC $500 Deductible BAD Vehicle $1,000 Deductib Age GOOD OCC GOOD BAD GOOD OCC GOOD OCC 0-1 584 934 1129 393 628 759 535 855 1279 471 753 2-3 520 831 1005 350 559 676 449 718 1074 396 633

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

See similar textbooks

Similar questions

AAA
Required information [The following information applies to the questions displayed below] Natalie owns a condominium near Cocoa Beach in Florida. In 2021, she incurs the following expenses in connection with her condo: Insurance $ 1,060 Advertising expense Mortgage interest Property taxes 640 4,500 1,290 1,200 5) Repairs & maintenance Utilities Depreciation 12,300 During the year, Natalie rented out the condo for 89 days, receiving $14,000 of gross income. She personally used the condo for 38 days during her vacation. Natalie's itemized deduction for nonrental taxes is less than $10,000 by more than the property taxes allocated to the rental use of the property. Assume Natalie uses the Tax Court method of allocating expenses to rental use of the property. Assume 365 days in the current year. (Do not round apportionment ratio. Round all other dollar values to the nearest whole dollar amount.) a. What is the total amount of itemized deductions Natalie may deduct in the current year…
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…
Uramilaben
Problem 14-59 (LO 14-5) (Algo) Tamar owns a condominium near Cocoa Beach in Florida. In 2023, she incurs the following expenses in connection with her condo: Insurance. Advertising expense Mortgage interest Property taxes $ 1,330 700 5,700 1,330 750 Repairs & maintenance. Utilities Depreciation 1,030 12,050 During the year, Tamar rented out the condo for 83 days, receiving $15,500 of gross income. She personally used the condo for 53 days during her vacation. Tamar's itemized deduction for nonrental taxes is less than $10,000 by more than the property taxes allocated to the rental use of the property. Assume Tamar uses the Tax Court method of allocating expenses to rental use of the property. Assume 365 days in the current year. Note: Do not round apportionment ratio. Round all other dollar values to the nearest whole dollar amount. Required: a. What is the total amount of for AGI (rental) deductions Tamar may deduct in the current year related to the condo (assuming she itemizes…
Melanie bolar 62 will use the filing single status he adjust gross income xuring the year was 35000. She would like to itemize the deduction when she filies her 2020 federal . To seek relief from a medical during the year dhe inccured the following trip related 90 for a room 1 night,80 for non hospital meals while she was away, 500 miles driving her own vichele.she is not eligible for employer sponsored insurance. Her other expenses include 2200 net out of pocket health insurance paid with after tax dollar,1300 prescription 350 in co pay to jer doctor, 300 for new glasses 600 for basic dental services. What amount should she enter for total medical insurance and what amount can she deduct for eligie medical and dental expenses?
29. Brenda filed suit against her insurance company for deceptive trade practices. She seeks $5,000 in damages; $12,000 for mental anguish; and $10,000 for attorney fees. Her insurance company countersues for slander and seeks $10,000. If the court awards both parties what they are asking, how much would Brenda receive in most jurisdictions? a. $10,000 ob. $17,000 OC. $28,000 Od. $30,000
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.
Subject: acounting
.LO.2 On July 1, 2016, Rex purchases a new automobile for $40,000. He uses the car 80% for business and drives the car as follows: 8,000 miles in 2016, 19,000 miles in 2017, 20,000 miles in 2018, and 15,000 miles in 2019. Determine Rex's basis in the business portion of the auto as of January 1, 2020, under the following assumptions: a. Rex uses the automatic mileage method. b. Rex uses the actual cost method. [Assume that no § 179 expensing is claimed and that 200% declining-balance cost recovery with the half-year convention is used-see Chapter 8. The recovery limitation for an auto placed in service in 2016 is as follows: $3,160 (first year), $5,100 (second year), $3,050 (third year), and $1,875 (fourth year).]
Alpesh

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS