Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kevin lets his college roommate, Dan, borrow his car. Dan gets into an accident resulting in $10,000 of liability claims. Both of them have automobile

image text in transcribedimage text in transcribedimage text in transcribed

Kevin lets his college roommate, Dan, borrow his car. Dan gets into an accident resulting in $10,000 of liability claims. Both of them have automobile insurance policies with coverage for $50,000 of liability claims. How would thes claims be paid? A. $10,000 would be paid from Dan's Insurance Company O B. $10,000 would be paid from Kevin's Insurance Company OC. Dan would personally pay $10,000 since he was at fault D. Dan's and Kevin's Insurance Companies would each pay $5,000 To qualify for Social Security retirement benefits A. You need to earn 40 credits, by working 40 years. B. You need to earn 40 credits, by working 10 consecutive years C. Everyone who contributes to Social Security is qualified to earn retirement benefits, regardless of how many years they work D. You need to earn 40 credits, by working 10 years, which do not need to be consecutive. Judy has health insurance with a $1,000 annual deductible, a $5,000 stop loss provision, or lid on the coinsurance and 80/20 coinsurance. How much of a $4,000 medical bill will be paid by the insurance Company? O A. $2,400 O B. $3,200 OC. $3000 D. $2,200 O E. $4,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Describe how credibility forms a basis for persuasion.

Answered: 1 week ago