Questions from Personal Finance


Q: As of 2012, per capita spending on health care in the

As of 2012, per capita spending on health care in the United States was about $9,000. If this amount increased by 7 percent a year, what would be the amount of per capita spending for health care in...

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Q: Becky’s comprehensive major medical health insurance plan at work has a deductible

Becky’s comprehensive major medical health insurance plan at work has a deductible of $750. The policy pays 85 percent of any amount above the deductible. While on a hiking trip, she contracted a rare...

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Q: Georgia has a take-home pay of $600 a week

Georgia has a take-home pay of $600 a week. Her disability insurance coverage replaces 70 percent of her earnings after a four-week waiting period. What amount would she receive in disability benefit...

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Q: Ronald Roth started his new job as Controller with Aerosystems today.

Ronald Roth started his new job as Controller with Aerosystems today. Carol, the employee benefits clerk, has given Ronald a packet that contains information on the company’s health insurance options....

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Q: Ronald Roth started his new job as Controller with Aerosystems today.

Ronald Roth started his new job as Controller with Aerosystems today. Carol, the employee benefits clerk, has given Ronald a packet that contains information on the company’s health insurance options....

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Q: Ronald Roth started his new job as Controller with Aerosystems today.

Ronald Roth started his new job as Controller with Aerosystems today. Carol, the employee benefits clerk, has given Ronald a packet that contains information on the company’s health insurance options....

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Q: Pam is 31 and recently divorced, with children ages 3 and

Pam is 31 and recently divorced, with children ages 3 and 6. She earns $40,000 a year as a secretary. Her employer provides her with basic health insurance coverage. She receives child support from...

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Q: In 2005, Joelle spent $5,000 on her health

In 2005, Joelle spent $5,000 on her health care. If this amount increased by 6 percent per year, what would be the amount Joelle spent in 2015 for the same health care? (Hint: Use the Time Value of...

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Q: You are a wage earner in a “typical family,” with

You are a wage earner in a “typical family,” with $40,000 gross annual income. Use the easy method to determine how much insurance you should carry.

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Q: Using the "nonworking" spouse method, what should be the

Using the "nonworking" spouse method, what should be the life insurance needs for a family whose youngest child is 5 years old?

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