One of the "Tips for Buying a Homeowners Policy" is to consider purchasing a personal umbrella policy. What coverage is provided by a personal umbrella policy?
A) blanket property coverage for any damage caused by water
B) excess liability coverage and coverage for some liability claims excluded by underlying policies
C) all-risk, replacement cost, property coverage
D) coverage for business and professional liability
Answer: B
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A favorable sales volume variance in variable costs suggests a(n) ________
A) increase in number of actual units sold when compared to the expected number of units sold B) decrease in number of actual units sold when compared to the expected number of units sold C) increase in variable cost per unit D) decrease in fixed costs
Jim has a house payment of $2,000 per month of which $1,700 is deductible interest and real estate taxes with the remaining $300 representing a repayment of the principal balance of the note. Jim's marginal tax rate is 30%. What is Jim's after-tax cost of his house payment?
A. $540 B. $1,460 C. $1,490 D. $600 E. Some other amount