Paul's car alid off the loy road, causing $2.000 in damage to his car. He was also treated for minor injuries, costing $1,400. His car insurance has a $500 deductible, after which the full loss is paid His health insurance has a $250 deductible and covers 80% of medical cost What were Paul's out of pocket costs from the incident? Paul's out-of-pocket costs are $530) (Round your response to the nearest penny)
Paul's car alid off the loy road, causing $2.000 in damage to his car. He was also treated for minor injuries, costing $1,400. His car insurance has a $500 deductible, after which the full loss is paid His health insurance has a $250 deductible and covers 80% of medical cost What were Paul's out of pocket costs from the incident? Paul's out-of-pocket costs are $530) (Round your response to the nearest penny)
Chapter7: Losses—deductions And Limitations
Section: Chapter Questions
Problem 48P
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Question
Transcribed Image Text:Paul's car sild off the icy road, causing $2.000 in damage to his car. He was also treated for minor injuries, costing $1,400. His car insurance has a $500 deductible, after which the full loss is paid
His health insurance has a $250 deductible and covers 80% of medical cost.
What were Paul's out-of-pocket costs from the incident?
Paul's out-of-pocket costs are $(630). (Round your response to the nearest penny)
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