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Alexxandr [17]
2 years ago
10

10 roles of insurance in a business

Business
1 answer:
Sedbober [7]2 years ago
8 0

Considering the benefits and importance of insurance, the ten roles of insurance in a business include "<u>security and safety</u>."

<h3>The other roles of insurance in a business are:</h3>
  1. Mitigation of risk
  2. Provision of insurance service by the insurance company
  3. Protection from unexpected losses
  4. Ease of getting loans
  5. Provision of social cooperation
  6. It enhances saving habits
  7. It aids some contracts that require it.
  8. There are tax benefits.
  9. Promotion of trades and industry, etc.

Hence, in this case, it is concluded that insurance plays various roles in business.

Learn more about Insurance here: brainly.com/question/4953989

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​Morgan, a​ widow, recently passed away. The value of her assets at the time of death was ​$9 comma 647 comma 000. The cost of h
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Check the explanation

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          Particulars                                                  Amount in $

A.  Gross Estate                                                      8600000

Less: deductions (funeral & administrative tax)    70000

B.  Taxable estate                                                   8530000

 

c.  Gift-Adjustable Taxable estate value:  

       Taxable estate                                                 8530000

Charities will be deucted from tax calculation      1000000

         gift-adjusted taxable estate value                  7530000

D.  estate would be subject to tax                         7530000

E.  estate tax liability Calculated below                 876000

 

For estate more than 53400000 tax will be charged at 40%  

So, same is 40% of excess on                       53400000  

Taxable estate before threshold after deducting 53400000 from estate that would be subject to Tax  2190000

Tax at 40% of excess value                           876000

 

8 0
3 years ago
Read 2 more answers
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