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Stephanie is the wage earner in a "typical family" with $36,000 gross annual income. Use the easy method to determine how much insurance she should carry. Stephanie is the wage earner in a "typical family" with $36,000 gross annual income. Use the easy method to determine how much insurance she should carry.m/search?

Respuesta :

abiolataiwo2015

Answer:

$176,400

Explanation:

Life insurance need = 0.70 × Salary amount × 7

= 0.70 × $36,000 × 7

= $176,400

Therefore using the easy method the amountof insurance that Stephanie should carry is $176,400

Chrisnando

Answer:

$176,400

Explanation:

Annual gross income = $36,000

To determine Stephanie's insurance need, we need to multiply the gross income by a factor of 0.70, then multiply by 7 years.

Therefore,

Insurance need = Income x 0.70 x 7

= $36,000 x 0.70 x 7

= $176,400

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