Case summary:
Person KJ was a junior at High school G. She had 2 siblings. Her father was an assistant manager at a local supermarket. He earns a take-home of $4,000 per month. He made group insurance policies and also a life insurance policy of $40,000 for his family and children. Though, he was not ready to make any additional policies as he earns less compared to his household expenses and others.
One day person KJ asked her father regarding the insurance policies as she learned about it in economies. This made her father think about whether he plans well for his family and children. Since the family is in good health he thought he could make additional policies after getting raise in salary and after person KJ completes her high school.
Characters in the case:
- Person JK
To discuss: If person J met with an accident and unable to work for one year and the way it affects the family and his children.
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Individual Income TaxesAccountingISBN:9780357109731Author:HoffmanPublisher:CENGAGE LEARNING - CONSIGNMENT