Answer:
Sophie's policy will pay up to its maximum amount of $100,000 and John's policy should pay the rest ($200,000).
Explanation:
Personal Auto Policies (PAP) provide coverage in case of injury to the insured or other third parties involved in a car accident. PAP policies provide coverage even when you occasional borrow a car. If you regularly drive someone else's car you need extended non owned liability coverage endorsement.
When property is sold in the middle of year, both the buyer and seller can deduct their pro rated portion of the property tax.
The property taxes are based on the assessed value of the property. So when the property tax is pro rated at the time of the transfer, both the buyer and seller can deduct their pro rated portion of the property tax.
Buyer and seller prorations are often applied during real estate closing transactions to divide the cost of expenses like property taxes. Thus, the buyer gets a deduction for the prorated amount of property tax due after closing, and the seller gets the same deduction for the taxes.
Hence, both the buyer and seller receives the deduction for the real property tax.
To learn more about property tax here:
brainly.com/question/15227817
#SPJ4
Answer:
d. $51,500
Explanation:
Proceed from sale of the bonds
face value x quote
50,000 x 103/100 = 51,500
The company will recognize a gain from the sale of 1,500 dollars as it sold the investment for 51,500 while it was valued at 50,000 in their books
Frictional unemployment is the result of voluntary employment transitions within an economy.
