An employer provides all employees with term life insurance equal to their annual income. Using the income method with a factor of 5, how much additional life insurance will an employee earning $75,000 per year need?
A) $375,000
B) $300,000
C) $75,000
D) $50,000
Answer: B
Explanation: B) $75,000 × 5 = $375,000 - $75,000 = $300,000
You might also like to view...
A written code of ethics is usually ineffective if it is developed with input from employees about situations they encounter.
Answer the following statement true (T) or false (F)
Tian Zhao's parents were peasants from central China. Tian earned a degree in electronics from a university and now works for a medium-sized firm building computer components
Tian has purchased a Canon camera and a Dell computer, and he wears Nike running shoes. He is a member of the mass class. Indicate whether the statement is true or false
Which of the following is a measure of the time that it takes to convert current assets into cash?
a. accounts receivable turnover ratio b. cash to cash operating cycle c. number of days' sales in inventory d. working capital
A carefully selected group of consumers who agree to participate in an ongoing online dialogue with a particular corporation is known as a(n) _____
a. Web community b. online panel provider c. reference group d. conventional focus group