Kim was injured in a freak accident in her dorm room and had to spend several...

 

Transcribed Image Text:

Kim was injured in a freak accident in her dorm room and had to spend several days in the hospital. Her covered medical costs totaled $14,000. How much will Kim's health insurance policy pay for this claim given the following policy information? $250 deductible per year 80/20 coinsurance $1,500 per year out-of-pocket coinsurance cap Below is the Federal Tax Table 2022 for Single income tax filers. Let's suppose that you made $20,000 in 2022. Using the Tax Table below, how will you need to pay? Single filers Tax rate Taxable income bracket Tax owed 10% $0 to $11,000. 12% 22% 24% 32% $11,001 to $44,725. $44,726 to $95.375. $95,376 to $182,100. $182,101 to $231,250. $231,251 to $578,125. 35% 10% of taxable income. of the amount over $11,000. $1,100 plus 12 $5,147 plus 22% of the amount over $44,725. $16,290 plus 24% of the amount over $95,375. $37,104 plus 32% of the amount over $182,100. $52,832 plus 35% of the amount over $231,250. much tax Kim was injured in a freak accident in her dorm room and had to spend several days in the hospital. Her covered medical costs totaled $14,000. How much will Kim's health insurance policy pay for this claim given the following policy information? $250 deductible per year 80/20 coinsurance $1,500 per year out-of-pocket coinsurance cap Below is the Federal Tax Table 2022 for Single income tax filers. Let's suppose that you made $20,000 in 2022. Using the Tax Table below, how will you need to pay? Single filers Tax rate Taxable income bracket Tax owed 10% $0 to $11,000. 12% 22% 24% 32% $11,001 to $44,725. $44,726 to $95.375. $95,376 to $182,100. $182,101 to $231,250. $231,251 to $578,125. 35% 10% of taxable income. of the amount over $11,000. $1,100 plus 12 $5,147 plus 22% of the amount over $44,725. $16,290 plus 24% of the amount over $95,375. $37,104 plus 32% of the amount over $182,100. $52,832 plus 35% of the amount over $231,250. much tax

Answer rating: 100% (QA)

Kims Medical Bill Breakdown Outofpocket costs DeductibleSince the medical costs 14000 exceed the ded... View the full answer