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jamesk486
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What is the face value of a 20 year insurance policy if the face value is fixed and the monthly premium is 0.03 percent of the face value?
(1) the monthly premium is $30
(2) the total amount to be paid in premium over the 20-year period is $7200
Last year the first $30,000 of each Country X resident's annual taxable income was taxed at the rate of 15%, and taxable income in excess of $30,000 was taxed at a rate of 27%. If Mr. Smith was a resident last year, was all of his taxable income taxed at the 15% rate?
(1) Last year Mr. Smith's tax, based on his taxable income, was $3750.
(2) If Mr. Smith's taxable income had been twice as much as it was, his tax would have been $9900.
(1) the monthly premium is $30
(2) the total amount to be paid in premium over the 20-year period is $7200
Last year the first $30,000 of each Country X resident's annual taxable income was taxed at the rate of 15%, and taxable income in excess of $30,000 was taxed at a rate of 27%. If Mr. Smith was a resident last year, was all of his taxable income taxed at the 15% rate?
(1) Last year Mr. Smith's tax, based on his taxable income, was $3750.
(2) If Mr. Smith's taxable income had been twice as much as it was, his tax would have been $9900.
