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
nalin [4]
2 years ago
13

Jim and Susan are both in good health and Jim has a reasonably secure career. Jim currently has an income of $70,000 and has 2 c

hildren. Jim has been married to Susan for 15 years. Under the Easy Method, what is the amount of insurance Jim would need for his family?
Business
1 answer:
klio [65]2 years ago
7 0

Answer:

$343,000

Explanation:

Given:

Annual income of Jim = $70,000

Amount of life insurance using Easy Method

According to the Easy Method of life insurance, a person has to take 70% of his annual income and multiply it with 7 to get a minimum amount of Life insurance for his family.

According to Easy method Jim's Life insurance amount is $343,000

Computation:

(Annual income)(70%)(7)

($70,000)(0.7)(7)

$343,000

You might be interested in
Who or what determines a country's GDP?
FromTheMoon [43]
Who i believ is the senator
8 0
3 years ago
Read 2 more answers
Among those not working, the most recent job-search activity for 2.90 million happened less than two weeks ago, while 1.72 milli
Firdavs [7]

Answer:

A. 24.05

B. 4.62

C. 66.99%

D. 19.21%

Explanation:

A). Calculation to determine the Laborland's total labor force

Using this formula

Total Labor Force = Employed + Unemployed

Let plug in the formula

Total Labor Force = (4.9+ 14.53) + (2.9 + 1.72)

Total Labor Force = 19.43 + 4.62

Total Labor Force = 24.05

Therefore the Laborland's total labor force is 24.05

(B). Calculation to determine the Laborland's labor force participation rate

Unemployed = 2.90 + 1.72

Unemployed = 4.62

Therefore the Laborland's labor force participation rate is 4.62

(C). Calculation to determine How many people are unemployed in Laborland

Using this formula

Labor force participation rate = Labor force / Total working age population

Let plug in the formula

Labor force participation rate= $24.05 / 35.9

Labor force participation rate= 66.99%

Therefore How many people are unemployed in Laborland will be 66.99%

(D). Calculation to determine Laborland's unemployment rate

Using this formula

Unemployment Rate = Unemployed / Labor force

Let plug in the formula

Unemployment Rate = 4.62 / 24.05

Unemployment Rate= 0.1921 * 100

Unemployment Rate= 19.21%

Therefore Laborland's unemployment rate is 19.21%

4 0
3 years ago
Select all that apply. Select other ways to measure the quality of life in a country besides the real GDP per capita.
Nata [24]
GDP stands for Gross Domestic Product. When we refer to Per Capita GDP, this covers the gross income of the country, and this is divided by the number of population in that country. Basing on this definition, I can say that the other ways to measure the quality of life in a country aside from basing from per capita GDP is through Genuine Progress Indicator, and <span>Gross Domestic Product. Hope this helps.</span>
4 0
3 years ago
7. Allowance, a paycheck, gifts, and gains from an investment are examples of
Finger [1]

Answer:a

Explanation:

8 0
3 years ago
What does non current assets mean
coldgirl [10]

Answer:

  assets whose value is not realized in the current year

Explanation:

A <em>noncurrent asset</em> is generally a long-term investment whose value will not be fully realized in the current accounting year. The cost of the asset is allocated over the period the asset is in use, rather than being expensed in the year it is acquired.

6 0
2 years ago
Other questions:
  • Ryan's dad needs to drive bigger company vehicles in order to get promoted. What does he need?
    6·1 answer
  • Cable Company reported bond interest expense of $40,000 for the current year. During the year, the balance in the premium on bon
    8·1 answer
  • During 2019, its first year of operations, Bento Steel Corporation reported a net operating loss of $500,000 for financial repor
    7·1 answer
  • _____ is probably the most important factor in determining the promotional mix. Select one:
    14·1 answer
  • Adjusting Entry at Balance Sheet Date
    14·1 answer
  • A country is described by the Solow model, with a production function of y = k1/2. Suppose that k is equal to 400. The fraction
    11·1 answer
  • The real purpose of the company's strategic vision:
    11·1 answer
  • Badger and Fox are forming a partnership. Badger invests a building that has a market value of $352,000; the partnership assumes
    12·1 answer
  • Define nongovernment organizations
    12·1 answer
  • the united states imports a lot of cars, despite having its own auto industry. each of the following statements are arguments so
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!