Answer:
The answer is: The insurer should be guaranteed positive economic profits.
Explanation:
The insurer (or insurance company) like any other company in the world, is not 100% sure they will make a profit from a business transaction.
For example, a person that takes a life insurance policy for $1 million might die due to an accident, and the insurance company will lose money with that specific client.
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Answer:
Social Security taxes definition. ... The Social Security tax is levied by the U.S. government on both the employee and the employer. In 2019 the Social Security portion of FICA (excluding Medicare) to be withheld from the first $132,900 of each employee's annual salary or wages is 6.2%.
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Answer:
$2,050,000
Explanation:
The computation of the initial cash flow for this project is shown below:
= Market value of the lot + estimated cost of the building
= $800,000 + $1,250,000
= $2,050,000
We simply added the market value of the lot and the estimated cost of the building so that the initial cash flow for this project could come