Answer:
Policy owner
Beneficiary
Face amount
Insured
Explanation:
John is both the “Policy owner” and the “Beneficiary” who will receive the “ Face amount” upon the death of Betty, the “Insured”.
The term policy owner is used to refer to a person who buys and pays the premium. At the same time, a beneficiary is a person who receives the face amount that was on the name of the insured (Betty).
It is given that John has bought the policy and paying the premium so he is the owner. Moreover, he is the beneficiary because he is getting the insurance amount after the death of betty who is insured.
Answer: Option A
Explanation: A money based payment system is the one in which the transactions involving exchange of goods and services are performed by using a common denomination called money. In such a system any commodity can be valued on the basis of money.
However in a barter system one commodity is exchanged for the other. Therefore, the double coincidence of wants is needed for fulfilling these transactions. The actual value cannot be determined for any commodity.
From the above we can conclude that the correct option is B.
Answer:
Explanation:
Tax is a compulsory contribution levied by the government on income earners and the profits of those in business in order to raise funds for public expenditures. It comes in various forms as listed.
Federal income tax : Collected from citizens who pay up to 39.6% of their earnings
Medicare Tax: Used to support health care costs for retiree
State income tax : Collected from citizens in most state
Social security tax: Used to financially support retired people and people with disabilities
Local income tax: Collected by towns and cities to fund city program
The research topic that the researcher finds is interesting and hence, he becomes <u>anxious to complete the research work to add value to existing gap.</u>
The research's "what," or the subject to be examined, is provided by the topic. The researcher can locate the research in the literature by defining and identifying the "what" of the study. The drive to pursue an interest is personally generated by curiosity. You can concentrate interest by concentrating on accuracy and clarity.
You must select one study topic that can be thoroughly studied. Clearly define your bounds. Take into account this illustration of topic concentration. Try this question instead of "I am interested in why children are not succeeding": "What effect does comprehending specialised academic language have on accomplishment in the natural sciences for third-grade Hispanic second-language learners?"
To learn more about topic in a research here,
brainly.com/question/10541763
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Answer:
Future value = $14090
Explanation:
Below is the given values:
Present value of deposits = $10000
Interest rate = 7.1%
Time period = 5 years
Future value = Present value (F/P, r, n)
Future value = 10000 (F/P, 7.1%, 5)
Future value = 10000 x 1.409
Future value = $14090
