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Deffense [45]
2 years ago
9

How should disability payments, which are non-taxable, be analyzed in order to fairly calculate the customer’s ability to pay?.

Business
1 answer:
GREYUIT [131]2 years ago
5 0

In order to calculate a customer's ability to pay, disability payments shall be analyzed by creating an income or a debt ratio.

<h3>What are disability payments?</h3>

A payment which is received by an individual on account of not being able to work or provide his services due to the illness, or any medical conditions as such, is known as a disability payment.

The disability payments are non-taxable, which means that a person is not liable to pay taxes over the income made through disability payments during the taxable year.

Hence, the significance of disability payments is given above.

Learn more about disability payments here:

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A revenue account is increased by debits. is decreased by credits. has a normal balance of a debit. is increased by credits.
Elenna [48]

Answer: is increased by credits

Explanation:

Revenue accounts are increased by credits because they are an equity account and equity accounts increase by credit. This is because the corresponding entry would be an asset such as cash and as the asset has to increase by being debited, revenue must be increased by credit.

Other accounts that are increased by credit include liabilities. Accounts that increase by debits apart from assets include purchases and expenses.

5 0
2 years ago
A business' last line of defense against risks that cannot be controlled or avoided by other risk management practices is this t
natima [27]

Answer: A business continuity plan

                           

Explanation: Business continuity planning refers to the procedure involved in creating a risk reduction and recovery scheme for a corporation from possible hazards.

The strategy helps to ensure the protection of management and resources and the ability to operate rapidly in the event of an emergency. The BCP is usually designed in ahead of time and includes insight from relevant parties and staff.

BCPs are an essential part of any undertaking. Threats and disturbances result in revenue shortfall and increased costs, resulting in a decline in productivity. And companies can not rely solely on insurance since it does not cover all the costs and the clients that move to the contest.

5 0
3 years ago
One of the likeliest places to be involved in a property-damage only accident is?
sesenic [268]

Place your car in "park."

Defend you against approaching traffic.

When a vehicle collision occurs, it might be stressful, but it's crucial to keep in mind that your safety is always the top priority. Immediately upon being involved in a collision, keep in mind the following advice:

Verify your own health and the health of any passengers.

If you require medical asisstance or can't move your car, call "911" and follow the operator's instructions.

You should relocate to a safe area (such as the closest shoulder, the median, or the rightmost lane of the road) before exiting your car to examine the situation if it is still operational and neither you nor any of your passengers have been hurt.

to know more about property damage

brainly.com/question/4539405

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7 0
1 year ago
Read 2 more answers
. There is an 80% probability that Tom will be in good health during the year and incur only $200 in medical expenses, but there
zaharov [31]

Answer:

The  Actuarially Fair Premium that Tom have to pay for hid Health Insurance is $4,160

Explanation:

To compute the amount that Tom have to pay for Health Insurance is;

Actuarially Fair Premium = (Probability of actuality ill × Payments incurred) + (Probability of not actuality ill × Payments incurred)

Actuarially Fair Premium = (20% x $20,000) + (80% x $200)

Actuarially Fair Premium = $4,000 + $160

Actuarially Fair Premium  = $4,160

5 0
3 years ago
You are saving money to buy a car. If you save $ 320 per month starting one month from now at an interest rate of 9​%, how much
12345 [234]

Answer:

$24135.72

Explanation:

Given pmt 320, r 9% n 5 years

This amount is paid monthly s\and there are 12 months in a year

r = 9%/12 =0.75%

n = 5* 12 =60

We will use the future value of annuity

FV = pmt *[(1+r)^n - 1/r)]

      = 320 *[(1+0.0075)^60-1/0.0075

       =$24135.72

6 0
3 years ago
Read 2 more answers
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