Joe and Maggie have life insurance through their employers equal to two times their annual salaries....

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Joe and Maggie have life insurance through their employers equal to two times their annual salaries. Joe, age 37, has an annual salary of $56,000 and Maggie, age 34, has an annual salary of $59,000. The annual cost of the group term insurance is $20 for each employee. Table 1 Rates for Group Term Insurance Cost/$1,000 insurance for 5-year age bracket 1 month period Under 25 25 to 29 30 to 34 35 to 39 40 to 44 45 to 49 50 to 54 55 to 59 60 to 64 65 to 69 70 and above $0.05 $0.06 $0.08 $0.09 $0.10 $0.15 $0.23 $0.43 $0.66 $1,27 $2.06 What is the amount of tax-free coverage for each? What is the taxable amount of coverage for each? What is the Table 1 monthly cost of the taxable benefit for each? What is the amount of tax-free coverage for each? What is the taxable amount of coverage for each? What is the Table 1 monthly cost of the taxable benefit for each? What is the Table 1 annual cost of the taxable benefit for each? What is the annual taxable amount of the benefit for each? Joe and Maggie have life insurance through their employers equal to two times their annual salaries. Joe, age 37, has an annual salary of $56,000 and Maggie, age 34, has an annual salary of $59,000. The annual cost of the group term insurance is $20 for each employee. Table 1 Rates for Group Term Insurance Cost/$1,000 insurance for 5-year age bracket 1 month period Under 25 25 to 29 30 to 34 35 to 39 40 to 44 45 to 49 50 to 54 55 to 59 60 to 64 65 to 69 70 and above $0.05 $0.06 $0.08 $0.09 $0.10 $0.15 $0.23 $0.43 $0.66 $1,27 $2.06 What is the amount of tax-free coverage for each? What is the taxable amount of coverage for each? What is the Table 1 monthly cost of the taxable benefit for each? What is the amount of tax-free coverage for each? What is the taxable amount of coverage for each? What is the Table 1 monthly cost of the taxable benefit for each? What is the Table 1 annual cost of the taxable benefit for each? What is the annual taxable amount of the benefit for each?

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For Joe Joe age is 37 and his annually sallary is 56000 the cost of group term insurance is 20 per employee annually Wich is 2012 167 pm joe falls in age bracket of 3539 with cost rate of 009 1000 of ... View the full answer