After reading the new account insert in his monthly statement, Tony Mercadante determined that the FDIC considers a joint account as a separate depositor. He and his wife, Cynthia, have three accounts at ABC Bank & Trust, one joint account with a balance of $$44,788$ and two individual accounts$-$ his has a $$128,739$ balance, and hers has a $$255,598$ balance. What amount of FDIC coverage do Tony and Cynthia have on their accounts?

What amount of FDIC coverage do Tony and Cynthia have on their accounts? $($Select the best answer below.$)$

A$.$ Tony's account balance of $$128,739$ is completely covered as is their joint account of $$44,788$; both accounts are under the $$250,000$ FDIC limit$.$ Cynthia's account is over the insurance limit by $$5,598,$ but is fully insured because they only have $$44,788$ in their joint account.

B$.$ Tony's account balance of $$128,739$ is completely covered as is their joint account of $$44,788$; both accounts are under the $$250,000$ FDIC limit$.$ Cynthia's account is over the insurance limit by $$5,598,$ but their money would be covered if she moved some into their joint account or into another institution.

C$.$ Tony's account balance of $$128,739$ is not covered and neither is their joint account of $$44,788.$ This is because Cynthia's account balance of $$255,598$ is over the insurance limit by $$5,598,$ therefore the institution does not have to insure any of their accounts.

D$.$ Tony and Cynthia have a total of $$429,125$ in this institution. Each institution is insured up to $$250,000,$ so they are over the insurance limit by $$179,125$ and should move money into other institutions.