Gross salary = $87,000
Insurance need = Gross salary * 7 years * 70%
Insurance need = $87,000 * 7 years * 70%
Insurance need = $426,300
Mark and Parveen are the parents of three young children. Mark is a store manager in...
Calculate Life Insurance Needs Directions: Calculate the life insurance needs in each scenario below using the appropriate method-7/70 method, 50% method or single parent method. 1. A woman who earns a salary of $62,000 decides to purchase a life insurance policy. She is married with two children and wants to be able to cover their college tuition. The children are 13 and 15 years old. Therefore, she decided to use the 7/70 method. How much should her life insurance policy...
• 51. Comprehensive Problem (Tax Return Problem). Rodney and Alice Jones have three small children, ranging in age from 5 to 10. One child is blind and needs special care. Rodney works as an accountant for a large CPA firm and has gross income of $45,000. Alice is a lawyer with a national law firm and earns $48,000. Rodney's parents are quite old, and he and his wife fully support them. Rodney's employer provides group-term life insurance at twice the...
Case study help !! Three pics !!
Part III: Dietary Plans for Children Brian is an 8-year, 4-month-old male who gained 15 pounds during the past school year. His height is 50 ½ inches, and his weight is 75 pounds. Brian moved to a new home and began a new school a year ago after his parents' divorce. After-school care has been provided by a retired neighbor, who loves to bake for Brian. He has few friends in the neighborhood,...
Two of the three children intend to study at university after
they finish high school. Emma and Chris would like to pay the
university fees. Only the fees – the children will be responsible
for meeting their living expenses. For planning purposes, allow
AUD75,000 for each child and assume this amount will be allocated
in full when each enrolment is confirmed. One child will commence
university in four years and the other child will commence
university in six years. Discuss...
Surprise! Jamie Lee and Ross were stunned to find that their family of two has grown to a family of five! They were expecting twins, but when the babies were born, they discovered that they were actually the parents of triplets! Ross immediately had worries of being able to provide for the growing family: diapers, formula, college expenses times three! What if something happened to him or Jamie Lee? How would the surviving parent be able to provide for such...
Surprise! Jamie Lee and Ross were stunned to find that their family of two has grown to a family of five! They were expecting twins, but when the babies were born, they discovered that they were actually the parents of triplets! Ross immediately had worries of being able to provide for the growing family: diapers, formula, college expenses times three! What if something happened to him or Jamie Lee? How would the surviving parent be able to provide for such...
My Baby Boomer parents are on the verge of turning 65. They just received their copy of Medicare & You in the mail from the Centers for Medicare and Medicaid Services at the Department of Health & Human Services. It's time for them to think about a bunch of new things that happen when you turn 65, like signing up for Medicare and starting to collect Social Security. The latter seems like a relatively easy straight-forward decision. Since both of...
Week 5: Transcultural Perspectives Across Lifespan 4 4 unread replies. 5 5 replies. The Course Outcomes covered this week are below. CO2: Communicate effectively with culturally diverse individuals, families, and organizations. (PO3) CO Perform a culturally competent nursing assessment. (PO7) This week select and read one of the chapters of particular interest to you listed in Assignments under Readings; discuss what information you should obtain to develop and implement culturally appropriate plans of care for an individual of this group;...
My Baby Boomer parents are on the verge of turning 65. They just received their copy of Medicare & You in the mail from the Centers for Medicare and Medicaid Services at the Department of Health & Human Services. It's time for them to think about a bunch of new things that happen when you turn 65, like signing up for Medicare and starting to collect Social Security. The latter seems like a relatively easy straight-forward decision. Since both of...