1. Home insurance can provide repair or rebuilding payments which are based on one of four different alternative repair or replacement cost or cash value determination approaches. Which of the following is NOT included in these four approaches?
Replacement cost
Actual cost
Variable cost
Guaranteed cost
Extended cost
2. Tom’s taxable health benefit is valued at $550. If Tom is in the 35% tax bracket what is Tom's after tax equivalent health benefit?
$1,571.43
$357.50
$192.50
$846.15
None of the Above