Use the following deposit information to answer items 14-16. Assume all Joint accounts are equal ownership. Account Checking Savings CD1 CD2 Money Market Bob and Tina joint $160,000 14. 15. 16. Bob sole $54,000 Tina sole $125,000 Patty sole $25,000 Bob and Tina joint $300,000 Tina sole $200,000 Patty sole $145,000 Tina IRA $220,000 Bob IRA $175,000 How much if any, of Bob's deposits at this bank are NOT insured by FDIC? How much if any, of Tina's deposits at this bank are NOT insured by FDIC? How much if any, of Patty's deposits at this bank are NOT insured by FDIC? Tina and Patty joint $400,000 Patty sole $90,000
Use the following deposit information to answer items 14-16. Assume all Joint accounts are equal ownership. Account Checking Savings CD1 CD2 Money Market Bob and Tina joint $160,000 14. 15. 16. Bob sole $54,000 Tina sole $125,000 Patty sole $25,000 Bob and Tina joint $300,000 Tina sole $200,000 Patty sole $145,000 Tina IRA $220,000 Bob IRA $175,000 How much if any, of Bob's deposits at this bank are NOT insured by FDIC? How much if any, of Tina's deposits at this bank are NOT insured by FDIC? How much if any, of Patty's deposits at this bank are NOT insured by FDIC? Tina and Patty joint $400,000 Patty sole $90,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Use the following deposit information to answer items 14-16. Assume all Joint accounts are equal ownership.
Account
Checking
Savings
CD1
CD2
Money Market
14.
15.
16.
Bob sole
$54,000
Tina sole
$125,000
Patty sole
$25,000
Bob and Tina joint
$300,000
Tina sole
$200,000
Patty sole
$145,000
Tina IRA
$220,000
Bob IRA
$175,000
How much if any, of Bob's deposits at this bank are NOT insured by FDIC?
How much if any, of Tina's deposits at this bank are NOT insured by FDIC?
How much if any, of Patty's deposits at this bank are NOT insured by FDIC?
Bob and Tina joint
$160,000
Tina and Patty joint
$400,000
Patty sole
$90,000
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