Fatima's life insurance coverage through her Qubec employer's group plan is 2 times her annual salary of

Fatima's life insurance coverage through her Québec employer's group plan is 2 times her annual salary of $43,000.00. Her employer pays the insurer 100% of the cost of her life insurance coverage at a premium rate of $0.50 per $1,000.00 of coverage per month, which does not include tax. Calculate Fatima's monthly taxable benefit.

Answer rating: 100% (QA)

The correct answer is 8720 The coverage amount of 8000000 is calculated by taking th... View the full answer