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Insurance

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Itzel Brown

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Cards in this guide (25)
Managers for which type of job use a percentage to figure the wages of an employee

commission employees

Which type of insurance is sometimes used to guarantee the payment of a mortgage in case the insured dies

decreasing term insurance...

Which benefits costs are usually shared by the employee and employer

healthcare

Which of these is an element of limited payment life insurance

this life insurance policy has premium payment for a set number or years....

Which type of insurance coverage allows the insured to purchase more insurance after a specified period of time

term insurance

Who receives the benefits or money from a life insurance policy upon the death of the insured

The beneficiary designated on the policy application is the recipient. Usually, a secondary ("contingent") beneficiary is also named in the event that the primary beneficiary dies before the insured.

The estate of the deceased can also be the beneficiary if it is named as such or if there are no named beneficiaries or if all of them die before the insured. In that event, the insurance proceeds become a part of the estate and are distributed according to the insured's Last Will and Testament. If the insured dies without a Will, the estate, including the insurance proceeds, pass according to state law according to the laws of intestate succession.

Which of these is an element of term life insurance

This life insurance policy is worth only the face value.

Which of these is an element of universal life insurance

This life insurance policy has two different types of death benefits.

Which of these types of insurance is also known as ordinary or straight life insurance

whole life insurance...

What type of insurance coverage will pay for the loss of a person's sight

It is important to have different types of insurance during a life time. A persons health insurance coverage will pay for the loss of the person's sight.

How do you calculate the gross pay per paycheck for an employee who makes an annual salary of 30 000 and is paid biweekly

1,153.85
$30,000 / 26 weeks is $1,153.85

Which term is defined as the dollar amount earned in a worker's paycheck

nominal wages

How do you work the math question for how much will an employee will earn per hour if a job is for 35 hours per week and an employee can earn 542.50 per week

15.50

How much do you earn per hour if you worked 14 hours per week for 6 weeks earning 609 dollars

14 hours/week for 6 weeks → 14 hr/wk × 6 wk = 84 hours

Earned $609 → $609 ÷ 84 hours = $7.25 per hour.

If you received an annual salary of 33 500 paid monthly what would your gross pay be each pay period

33500 divided by 12 = 2791.67 gross pay per month

Which of these statements is true to an annuity

There are three types annuities including fixed, indexed, and variable.

Which of these is often provided for free by the employer

life insurance

How is overtime pay often calculated

at one and one half times the hourly rate

What employees are paid for the number of hours worked during a specified period

hourly

What is the salary of a Catholic priest in California

The salary of a Catholic Priest in California would depend upon whether he is a religious or a diocisenc priest....each has a different salary. A religious receives a salary of $50 per month and a diocesan recieves a salary of about $2000 per month.

What is same as a straight time pay

hourly pay is the same as straight time pay.

Which of types of beneficiaries in an insurance policy

primary and secondary

What describes a variable annuity

the rate of return on purchase payments will vary based on the performance of the chosen investment options.

Money gained from stocks and bonds is an example of which of these

Unearned Income

Veronica earns an annual poay of 30572 plus commission. she receives a 5 commission on sales of 3675. what is her gross annual pay

$30,572 + (0.05 x $3675) = $30,572 + $183.75 = $20,755.75

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