Answer:
The correct answer is $1,100,000.
Explanation:
According to the scenario, the given data are as follows:
Customer account = $300,000
Joint account = $500,000
Customer's wife account = $300,000
So, we can calculate the amount that customer receive under SIPC by using the following formula:
SIPC =
- Under SIPC each account considered as an individual account.
- A maximum limit cover of $500,000 for cash and security for each individual account.
So, the amount that can receive by customer is:
Total Amount = $300,000 + $500,000 + $300,000
= $1,100,000
Hence, the total amount that customer receive under SIPC is $1,100,000.
Answer: Precision
Explanation:
The precision is the term which is used to refers to the state and the quality of the measurement for measuring the specific values or the accuracy.
It is basically used in measuring the given rage of the values by sorting the given information in the form of numerical order.
According to the given question, the precision is refers to the degree of measuring the similar quantities that helps in reflecting the given measurement reproducibility.
Therefore, Precision is the correct answer.
Becky wants an account that will let her spend her money as much and as often as she needs. <u>Checking Account</u>
A checking account allows a person to make as many withdrawals as may be necessary. They may or may not earn some interest on the balance.
Sanjay wants an account that will earn interest but still let him make withdrawals. <u>Interest (Dividend) Checking Accounts.</u>
Interest (Dividend) Checking Accounts offer combined features of a checking account and a savings account. The interest rate on the balance is higher than a regular checking accounts, but an individual can withdraw money without any penalties. This account requires that an individual maintain a higher minimum balance.
Neveah has some money she wants to save until she goes to college in two years. She wants an account that will earn a little more interest. <u>Savings Accounts.</u>
Savings Accounts are interest bearing accounts and designed to encourage savings. Hence, withdrawals from such accounts may not be possible until a certain pre-agreed withdrawal date. Withdrawals before the pre-agreed date attract a large amount of penalty. Such accounts are usually used to build wealth.
The Tax Cuts and Jobs Act changed the way tax is calculated.
For employees, withholding is the amount of federal income tax withheld from your paycheck. The amount of income tax your employer withholds from your regular pay depends on two things: The amount you earn. The information you give your employer on Form W–4.
