7. Sarah has an annual expenses of $625 for life insurance, a semi-annual car insurance premium of $570, and a monthly charges of $120 for health insurance. Find her monthly cost for all of these expenses.
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- The annual insurance premium on Maria's home is $1,964 and the annual property tax is $1,434. If her monthly principal and interest payment is $1,624, find the adjusted monthly payment including principal, interest, taxes, and insurance (PITI).9. The annual insurance premium on Julie’s home is $2,074 and the annual property tax is $1,403. If her monthly principal and interest payment is $1,603, find the adjusted monthly payment including principal, interest taxes and insurance (PITI).Nancy is a widow with two teenage children. Nancy's gross income is 54200 per month, and taxes take about 22% of her income. Using the income method, Nancy calculates she will need to purchase about eight times her disposable income in life insurance to meet her needs. How much insurance should Nancy purchase?
- Suppose Gretchen's health insurance has a $500 annual deductible. Gretchen is responsible for 20 percent co-pay when she meets her deductible. If Gretchen has $800 in medical expenses this year, how much must she pay?Dustin Ambrose is married and claims 3 allowances. His gross weekly pay is $628.00. Each week he pays federal, Social Security, and Medicare taxes, $52.00 for medical insurance, and $23.50 toward his retirement fund. Find The Net PayEd and Marta are paid $2 comma 410 after taxes every month. Monthly expenses include $777 on housing and utilities, $395 for auto loans, $164 on food, and an average of $713 on clothing and other variable expenses. Assuming that they save excess funds, calculate and interpret their savings ratio. Hint: Prepare an income statement, and then compute the ratio.
- Sammy's employer pays for 40% of her annual health insurance premium of $5,150,00, Sammy pays the remaining balance by having it deducted in equal amounts from her 26 paychecks throughout the calendar year. How much will Sammy have deducted from each paycheck? $2060 $79.23 $3,090 $118,85Sheila Spinney, a recent college graduate, receives a salary of $2976 each month. She pays (3)/(8) of this amount in taxes, social security, and a retirement plan. Of the remainder, (9)/(10) goes for basic living expenses. How much money remains?.Ann earns $95,000 per year in salary. She pays 25% federal income tax, 6% state income tax, 6.2% social security, 1.45% medicare, 5% for health insurance, $50 per month for life insurance, $30 per month for dental, and 8% per month for retirement.a. What is her gross monthly salary? b. What is her net monthly salary?
- Juanita paid a life insurer $60,100 in exchange for an immediate life annuity. Juanita will receive $600 per month from the insurer, and her life expectancy is 14 years. Assume that Juanita receives 12 monthly payments in the first year. How much taxable income must she report? (Round your answer to 2 decimal places)Delilah is paying $0.40 per $100 on her $210,000 home in homeowners' insurance annually. If her annual homeowners' insurance premium is divided into twelve equal monthly installments to be included on each of her monthly mortgage payments of S1033.00, what is Delilah's total monthly payment? a.$1.873 b.$1,103 C.$840 d. $70Ed and Marta are paid $4,130 after taxes every month. Monthly expenses include $1,397 on housing and utilities, $674 for auto loans, $216 on food, and an average of $1,246 on clothing and other variable expenses. Calculate and interpret their savings ratio. The amount of Ed and Marta's income available for savings and investment is $?. Round to the nearest dollar.