ces Current Financial Situation Assets: Checking account Savings account Emergency fund savings acc IRA balance. Car...
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ces Current Financial Situation Assets: Checking account Savings account Emergency fund savings acc IRA balance. Car (Jamie Lee) Car (Ross) Liabilities: account Student loan balance Credit card balance Car loans Original purchase price of home Real Property (not applicable to renters) Current replacement value of home Income: $5,700 Gross income (Jamie Lee) $64,000 $23,600 Net income after taxes (Jamie Lee) $48,000 $21,900 Gross income (Ross) $89,000 $27,400 Net income after taxes (Ross) $75,650 $11,400 Monthly Expenses: $19,400 Mortgage Property taxes and insurance. $0 Utilities $2,000 Food $7,400 Gas/maintenance $299,000 Credit card payment Car loan payment Entertainment Personal Property Estimated value of appliances, furniture, clothing, and other household items (conduct an inventory) Personal Liability Amount of additional personal liability coverage desired for possible personal injury claims $ 299,000.00 Specialized Coverages If appropriate, investigate flood or earthquake coverage excluded from home insurance policies Total Property Insurance Needed $ Type of coverage for personal property Replacement value Additional coverage for items with limits on standard personal coverage such as jewelry, firearms, silverware, and photographic, electronic, and computer equipment Diamond wedding band set 18,000.00 $ 2,000.00 9,000.00 $1,435 $640 $115 $470 $345 $320 $303 $370 * ces Current Financial Situation Assets: Checking account Savings account Emergency fund savings acc IRA balance. Car (Jamie Lee) Car (Ross) Liabilities: account Student loan balance Credit card balance Car loans Original purchase price of home Real Property (not applicable to renters) Current replacement value of home Income: $5,700 Gross income (Jamie Lee) $64,000 $23,600 Net income after taxes (Jamie Lee) $48,000 $21,900 Gross income (Ross) $89,000 $27,400 Net income after taxes (Ross) $75,650 $11,400 Monthly Expenses: $19,400 Mortgage Property taxes and insurance. $0 Utilities $2,000 Food $7,400 Gas/maintenance $299,000 Credit card payment Car loan payment Entertainment Personal Property Estimated value of appliances, furniture, clothing, and other household items (conduct an inventory) Personal Liability Amount of additional personal liability coverage desired for possible personal injury claims $ 299,000.00 Specialized Coverages If appropriate, investigate flood or earthquake coverage excluded from home insurance policies Total Property Insurance Needed $ Type of coverage for personal property Replacement value Additional coverage for items with limits on standard personal coverage such as jewelry, firearms, silverware, and photographic, electronic, and computer equipment Diamond wedding band set 18,000.00 $ 2,000.00 9,000.00 $1,435 $640 $115 $470 $345 $320 $303 $370 *
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1 Home Insurance The replacement value of the home is 299000 Total Home Insurance 299000 2 Per... View the full answer
Related Book For
Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
Posted Date:
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