Anyone wanna help me with a take-home final? :]

[Nimloth]

Here are some true/false questions I am not sure about:

1. If you have an insurance policy with $300 deductible and 30 percent coinsurance, you would pay 30 percent of your insured loss plus $300.
2. Life insurance is frequently purchased in a conjunction with investments to protect the lifestyle of dependents in the event of an investor's death.
3. Shareholder's equity is the same thing as the market value of all outstanding stock.
4. According to SEC regulations, the yield of a mutual fund must be expressed as the rate of capital gains the fund earns on its investment as a percentage of the share's price.

and an optional multiple choice:

Estate valued as follows:

Gross estate - $2,000,000
Costs to settle estate - $120,000
Debt payment - $175,000
Charitable bequests - $500,000
Bequests to nieces - $1,205,000

What is the value of this taxable estate?

a. $2,000,000
b. $1,705,000
c. $1,405,000
d. $1,205,000

 

[rezinn]

Weak.

 

[KLin]

Lock and BAN please.

 

[Toastedlightly]

Originally posted by: KLin
Lock and BAN please.

Bitte schön?

 

[scorpmatt]

Originally posted by: KLin
Lock and BAN please.

 

[Jzero]

My answers along with my certainty of their correctness:

T (50%)
F (50%)
F (50%)
F (50%)
D (25%)

 

[Colt45]

you're an idiot

 

[EngenZerO]

b

 

[maziwanka]

Originally posted by: Jzero
My answers along with my certainty of their correctness:

T (50%)
F (50%)
F (50%)
F (50%)
D (25%)

hahahahahaha. that was good

 

[Nitemare]

The answer is 43

 

[Spikesoldier]

T
T
T
F

A

final answer.

 

[JustAnAverageGuy]

Originally posted by: Jzero
My answers along with my certainty of their correctness:

T (50%)
F (50%)
F (50%)
F (50%)
D (25%)

:thumbsup:

 

[Zugzwang152]

Anyone wanna help me with a take-home final?

No.

 

[dighn]

homework is okay but final??? come on

 

[CRXican]

can I buy a vowel?

 

[kranky]

1. Insurance has some co-payment amount and then there is the rest, minus what the deduction is.

2. Life insurance can be purchased for dependents but the policy owner must pay all premiums when due. Their lifestyle could affect what the premium is.

3. Shareholder's equity can be different from the market value of all stock because the treasury stock has a par value which needs to be factored in to the total.

4. The rate of capital gains must be annualized and fully account for any 401(b) expense ratio, but it is divided by the average time the shares were held before selling. Short term and long term gains are determined by different formulas and have tax implications.

The multiple choice question is

$2,000,000 (gross estate) - $175,000 (debt payment) = $1,825,000. The bequests are after-tax and the cost to settle the estate are usually handled off-the-books so any inheritance tax is reduced by the fees.