The Chinese insurance market has grown at a furious pace in recent years and will surpass that of the United States by 2029.
A strong economy, government investment, consumer awareness, and technology are fuelling China's growth in the insurance sector.
China's biggest insurance companies are among the largest companies in the world.
Answer:
e
Explanation:
A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting subsidies.
Answer:
withdraw = 28532.45
so correct option is a. $28,532
Explanation:
given data
earned = $275,000 bonus
interest rate = 8.25% per year
time = 20 year
to find out
How much could you withdraw at the end of each of the next 20 years
solution
first we find here Cumulative discount factor that is express as
Cumulative discount factor = 
.............1
put here value r is rate and t is time
Cumulative discount factor = 
Cumulative discount factor = 9.638148
so here
withdraw = Present amount ÷ cumulative discount factor .......2
put here value we get
withdraw = 
withdraw = 28532.45
so correct option is a. $28,532
Answer:
Federal social insurance taxes include OASDI taxes (Social Security) and Medicare taxes. Currently. In 2012, the Social Security tax limit was $110,100, while their was no limit on Medicare.
The Social Security tax rate was temporarily reduced during 2011 and 2012 from 6.2% to 4.2%, so your Social Security tax withholdings were $4,624.20 in 2012.
Medicare taxes did not change in 2012 and were 1.45%, so your Medicare tax withholding were $1,812.50 in 2012.
<u>Answer:</u> Option D
<u>Explanation:</u>
The personal finance success of the person depends on the money managing behavior rather than the knowledge. If more money is spent then the individual looses the opportunity to make investments and save for the future.
Increased spending without saving also has the risk of increased debts and increases the stress. The savings is low for many people and for the purpose of spending money they borrow money. A person who has more debts it keeps him from building assets and investments.
