1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
MArishka [77]
3 years ago
15

The Federal Deposit Insurance Corporation insures deposits up to $250,000 per person per financial institution. Suzanne has $200

,000 in an individual account and $424,000 in a joint account with her husband, Ted. How much of Suzanne's money is not covered by FDIC insurance?
A, $162,000
B, $174,000
C, $374,000
D, $50,000
E, $0
Business
1 answer:
frutty [35]3 years ago
6 0

Answer:

option A is correct

Amount that not covered is $162000

Explanation:

given data

insures deposits = $250,000

individual account = $200,000

joint account  = $424,000

to find out

How much of Suzanne's money is not covered by FDIC insurance

solution

we know that

here eligible coverage amount is  = $200000 + 1/2 × 424000

so eligible coverage amount is  = $412,000

and we know that

Amount covered = $250000  

so that

here Amount that not covered is =  $412000 - $250000

Amount that not covered is $162000

so option A is correct

You might be interested in
The article discusses income inequality, and for some people this means a more equitable distribution of income is needed in the
s344n2d4d5 [400]
<span>The phrase used in the article, a more equitable distribution of income, is meant to convey the idea that income should be more fairly distributed through everyone in all classes in the country. The basic idea is there should not be such huge gaps between the top and bottom income tiers.</span>
6 0
3 years ago
Many academic institutions offer a sabbatical policy. Every seventh year a professor is given a year free of teaching and other
Fittoniya [83]

Answer:

$ 127,773.36

Explanation:

The professor will be in sabbatical  in years 7,  14, 21, 28, 35 and 42

In each of these years, he receives full pay amounting to=50,000

The PV of the sabbatical full pay

= \frac{50,000}{1.04^7} + \frac{50,000}{1.04^14} + \frac{50,000}{1.04^21} + \frac{50,000}{1.04^28} + \frac{50,000}{1.04^35} +\frac{50,000}{1.04^42} = 84,101.22

=50,000/(1+4%)^7+ 50,000/(1+4%)^14+ 50,000/(1+4%)^21+ 50,000/(1+4%)^28+50,000

/(1+4%)^35+ 50,000/(1+4%)^42

==50,000/(1+4%)^7+ 50,000/(1+4%)^14+ 50,000/(1+4%)^21+ 50,000/(1+4%)^28+50,000

/(1+4%)^35+ 50,000/(1+4%)^42

= \frac{50,000}{1.316} + \frac{50,000}{1.732} + \frac{50,000}{2.279}  +\frac{50,000}{2.999} +\frac{50,000}{3.946} + \frac{50,000}{5.193}

=37,993.92 + 28,868.36 + 21,939.45 + 16,672.22 + 12,671.06 + 9,628.35

=  $ 127,773.36

Thus, at an interest rate of 4%, the present value of all the sabbatical earnings amount to $ 127,773.36

6 0
3 years ago
Hich of the following industries is not considered to be defensive?
AnnyKZ [126]

The correct option is Building materials.

Building materials:

  • 1: a building constructed for long-term usage that is typically walled and roofed (as for a dwelling) 2: the process of putting together materials to form a structure. Synonyms Example Sentences Phrases containing structure Learn More About Construction.
  • Any kind of man-made construction is a structure. It might be a dam or a bridge, for instance. In contrast, a building is a closed construction with walls and a roof.
  • The following structures are included in the definition of a building: Walls, floors, roofs, chimneys, plumbing and drainage systems, fixed constructions, etc. are examples of structural components. Verandas or atriums, balconies, cornices, building projections that extend past the structure's outside walls, etc.

Learn more about building materials here brainly.com/question/9779427

#SPJ4

6 0
1 year ago
Alamo Inc. had $300 million in taxable income for the current year. Alamo also had a decrease in deferred tax assets of $30 mill
scoray [572]

Answer:

$ 210 million

Explanation:

Data provided :

Taxable income for the current year = $ 300 million

Tax rate of the income  = 40%

therefore, the income tax for the current year = 0.40 × $ 300 million

or

the income tax for the current year = $ 120 million

Decrease in the deferred tax assets = $ 30 million

Increase in the deferred tax liabilities = $ 60 million

Hence,

the total income tax expense for the year

= $ 120 million + $ 30 million + $ 60 million

or

= $ 210 million

7 0
3 years ago
A smart card looks like a credit card but it has a(n) ________ built into it
miss Akunina [59]
It has a microchip built into it that you would insert into a machine instead of swiping it. 
6 0
3 years ago
Other questions:
  • Your consulting firm was recently hired to improve the performance of Shin-Soenen Inc, which is highly profitable but has been e
    14·1 answer
  • What nonprofit organization distributes knowledge related to health care for the purpose of improving health to governmental age
    13·1 answer
  • Which best explains how the invention of money affected the barter system?
    5·2 answers
  • Using the Business Process Pragmatism procedure as part of his decision making process, Trevor first should perform a(n) _______
    13·1 answer
  • Windsor Corporation engaged in the following cash transactions during 2020. Sale of land and building $187570 Purchase of treasu
    10·1 answer
  • OceanGate sells external hard drives for $260 each. Its total fixed costs are $30 million, and its variable costs per unit are $
    5·1 answer
  • What is Nick causing? Nick has set up his steel factory near a community lake. The waste from his factory is directly thrown in
    11·2 answers
  • Amy transfers property with a tax basis of $970 and a fair market value of $650 to a corporation in exchange for stock with a fa
    6·1 answer
  • What is the fau and emergency management department’s campaign slogan?.
    15·1 answer
  • Which of the following jobs is considered a trade?
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!