QUESTION 12 Abeer has a major medical pblicy with a 5200o deductible. She is required to pay 25 percent of covered expenses in excess of the deductble. The insurer will pay 75 percent of expenses in excess of the deductble. f Abeer has eligible medical expenses of $10.000. how much will be pad by her insurer? Da57.300 Ob. $7.500 C S0.800 Cd. $7.350
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- 19. Leon's 6-month premium for auto insurance is $754.34, if he pays it all atonce. If he decides that he wants to make payments, he will be charged asurcharge of $4 for each of the first 4 months, upon which time the 6-monthpremium needs to be paid in full. What is his premium for each of the firstfour months if he decides to pay the minimum? A. $189.59B. $192.59C. $758.34D. $126.72Problem 10-38 (LO. 2, 3, 4, 5, 6, 7) Evan is single and has AGI of $277,300 in 2020. His potential itemized deductions before any limitations for the year total $52,300 and consist of the following: Medical expenses (before the AGI limitation) $29,000 Interest on home mortgage 8,700 State income taxes 9,500 Real estate taxes 3,600 Charitable contributions 2,500 After all necessary adjustments are made, what is the amount of itemized deductions Evan may claim? Do not round intermediate calculations. Round medical deduction and final answer to the nearest dollar. Evan's total itemized deduction is $fill in the blank 1.QUESTION 4Bob and Roberta are married and have two children. They are covered by a comprehensive medical and major medical policy with a $200 doductible per person, an80/20 coinsurance provision, and an annual out of pocket family limit of $3,000 Bob deslocated his shoulder in November and needed surgery to fix the injury, whichcost $35.000 Bob, Roberta, and each of the children had an annual physical exam earler in January, which cost $250 each Aside from these expenses, there wereno other health care costs incurred by the family this year How much will Bob have to pay out of pocket to cover the costs of his surgery?a.$0b.$200c. $2000d.$2.800
- Subject :- Accounting Helen is contemplating purchasing a single premium annuity from an insurance company. The insurance company is promising to pay $594000 after 8 years. They are estimating a 10% annual return. What amount should Helen pay the insurance company today? $742500 $275137 $277107 $594000Mary Elizabeth has Medicare Part B. Medicare requires a yearly deductible of$110.00. After the deductible has been met, Medicare's coinsurance is80/20. Mary Elizabeth has paid only$72.50toward her deductible. Today's bill is$115.00. How much will Mary Elizabeth be responsible for?52. Subject : - Accounting Rachel receives employer provided health insurance. The employer's cost of the health insurance is $6,100 annually. What is her employer's after-tax cost of providing the health insurance, assuming that the employer's marginal tax rate is 21 percent and is profitable?
- Question A The basic needs standard for a family of four is $420.00. The total income for the Smith family of four is $180.00 per month, of which the first $30.00 plus one-third of the remainder is disregarded in determining countable income. The amount of the payment is based upon a reduced standard of 75% of the basic needs standard less the family's countable income. How much will the Smith family receive per month if they apply for assistance? A) $106.00 B) $225.00 C) $331.00 D) $346.00 E) None of the above. Full explain this question and text typing work only We should answer our question within 2 hours takes more time then we will reduce Rating Dont ignore this lineLO.2 Belinda spent the last 60 days of 2019 in a nursing home. The cost of the services provided to her was 18,000 (300 per day). Medicare paid 8,500 toward the cost of her stay. Belinda also received 5,500 of benefits under a long-term care insurance policy she purchased. Assume that the Federal daily excludible amount is 370. What is the effect on Belindas gross income?Problem 10-39 (LO. 2, 3, 4, 5, 6, 7) Linda, who files as a single taxpayer, had AGI of $280,000 for 2022. She incurred the following expenses and losses during the year: Medical expenses (before the 7.5%-of-AGI limitation) $33,000 State and local income taxes 4,800 State sales tax 1,300 Real estate taxes 6,000 Home mortgage interest 5,000 Automobile loan interest 750 Credit card interest 1,000 Charitable contributions 7,000 Casualty loss (before the 10%-of-AGI limitation but after the $100 floor; not in a Federally declared disaster area) 34,000 Unreimbursed employee business expenses 7,600 Calculate Linda's allowable itemized deductions for the year.$fill in the blank 1.
- H6. Sarah is the beneficiary of her mother’s $100,000 life insurance policy. When her mother dies, Sarah is relying on the entire death benefit to pay expenses related to her mother’s funeral and end-of-life care. However, unbeknown to Sarah, her mother had outstanding policy loans totaling $60,000. How much can Sarah expect to receive in death benefits from her mother’s policy? a. $100,000 b. $60,000 c. $40,000 d. $20,0006 Marty, do you have two qualifying children for the child and dependent care credit they paid $5200 for their eligible work related expenses Marty's W-2 shows $56,720 and box. One day was a full-time student for 10 months dollar amount for the work related child care expenses is a $2500 be $3000 C50200 $ D $8000 in none of these.question 26 Sean is paid a semi-monthly salary in the amount of $3750. His employer also pays his life insurance premium of $20/month. His income tax withholding on the current pay is $690. Sean also contributes $5 per pay to his Canada Savings Bonds. Sean has contributed $1500 to CPP for the year and $600 to EI. What is the EI expense?
