Mrs. Smith has a monthly payment of $230 for health insurance, a $500 deductible, an 80%/20% c insurance and co-payments of $15 for prescriptions and $45 for office visits. 1. What is Mrs. Smith's premium? a. $45 b. $230 C. $500 d. $1,000 2. What amount will Mrs. Smith have to pay for medical services before the policy begins to pay? a. $45 b. $230 C. $500 d. $1,000 dure costing $1.000 what percentage of the m

Mrs. Smith has a monthly payment of $230 for health insurance, a $500 deductible, an 80%/20% c insurance and co-payments of $15 for prescriptions and $45 for office visits. 1. What is Mrs. Smith's premium? a. $45 b. $230 C. $500 d. $1,000 2. What amount will Mrs. Smith have to pay for medical services before the policy begins to pay? a. $45 b. $230 C. $500 d. $1,000 dure costing $1.000 what percentage of the m

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

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Your friend Taliesha Jackson of Edwardsville, Illinois, recently changed to a new job as a CPA in a moderate-size accounting firm. Knowing that you were taking a personal finance course, she asked your advice about selecting the best health insurance plan. Her employer offered five options. In addition, she could open a flexible spending arrangement to pay some of the premiums: Option A: A traditional health insurance plan with a $500 annual deductible and an 80 percent/20 percent coinsurance clause with a $2,000 out-of-pocket limit. Taliesha must pay $80 per month toward this plan. Option B: Same as Option A except that a PPO is associated with the plan. If Taliesha agrees to have services provided by the PPO, her annual deductible drops to $200 and the coinsurance clause is waived. As an incentive to get employees to select Option B, Taliesha’s employer will provide dental expense insurance worth about $40 per month. Option C: Another PPO health insurance plan with a $200 annual…
Find her monthly cost for all the expenses.
Fully furnished accommodation with monthly rent of $5,000. Ms Tan contributed a total rent of $6,000 in the year 2019, with the rest paid for by the company. Calculate the accommodation benefit.
You are the wage earner in a "typical family," with $60,000 gross annual income. Use the easy method to determine how much life insurance you should carry. O 60,000 O 120,000 294,000 420,000
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You are the wage earner in a "typical family," with $28,000 gross annual income. Use the easy method to determine how much life insurance you should carry. (Do not round intermediate calculations.) Life insurance need
Nikul
You have a gross annual income of $63,500. Use the multiple of income method to determine the minimum amount of life insurance you should carry.
1. How much total money would you have spent out of pocket with each plan? 2. With each plan, how much total money would you have to spend before the insurance coverage pays 100% of your medical costs?
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?
Darlene applies for an installment loan to consolidate her credit cards. The loan is to be paid in 60 monthly installments with an APR of 16%. Her total balance is $17000. Compute her monthly payment. $413 O $283 O $460 O $370
Elaine borrows $1,000.00 from a credit card company at 19% annually for two years. Determine Elaine’s monthly payment. $50.41 $52.49 $100 $49.93

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