The ________ method to settle claims is based on the current replacement cost of a damaged or lost item less depreciation.

Question 5 options:

A)	actual cash value

B)	replacement value

C)	personal property floater

D)	endorsement

E)

umbrella

tax credit of $50 for a person in a 28 percent tax bracket would reduce a person's taxes owed by:

Question 6 options:

A)

$14

B)

$10

C)

$35

D)

$28

E)

$50

A taxpayer with a taxable income of $47,856 and a total tax bill of $5,889 would have an average tax rate of ________ percent.

Question 7 options:

A)

10.3

B)

14.2

C)

8.6

D)

16.7

E)

12.3

George Washburn had earnings from his salary of $34,000, interest on savings of $800, a contribution to a traditional individual retirement account of $1,500, and dividends from mutual funds of $600. George's adjusted income would be:

Question 8 options:

A)

$35,400.

B)

$34,600.

C)

$34,800.

D)

$33,900.

E)

$34,000.