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Financial Literacy and Insurance Calculation: An Applied Learning Assignment - Document preview page 1

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Financial Literacy and Insurance Calculation: An Applied Learning Assignment

A learning assignment focused on improving financial literacy and understanding insurance calculations.

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Financial Literacy and Insurance Calculation: An Applied Learning Assignment - Page 1 preview imageFinancial Literacy and Insurance Calculation: An Applied LearningAssignmentLeira Otero is employed by Parks, Incorporated. She is on a single plan with a PPO annualpremium of $6,009.00. Leira's employer pays 75 percent of the total cost. Hercontribution is deductedfrom her paycheck. What is Leira's monthly deduction?Question 1 answers$150.63$128.41$125.97$125.19Question 2 textQuestion 2Kathy Parker pays a monthly premium of $225.00 for health insurance. She can purchase dentalcare and vision care insurance for her family at an additional cost. The dental premium is $556.00 andthe vision premium is $324.00 per year. What is her total monthly premium for all insurance?Question 2 answers$295.42$298.33$297.23$296.80Question 3 textQuestion 3Ka-Sean Hall has a single membership in his company's health insurance program. The total costis $4,856.00 annually and his employer pays 80 percent of the total cost. Ka-Sean also pays for theoptional annual dental premium of $625.00 and the optional vision premium of $375.00. Hiscontribution is deducted weekly from his paycheck. How much is his weekly deduction?
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Financial Literacy and Insurance Calculation: An Applied Learning Assignment - Page 2 preview image
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Financial Literacy and Insurance Calculation: An Applied Learning Assignment - Page 3 preview imageQuestion 3 answers$38.52$37.91$42.58$38.43Question 4 textQuestion 4Meekasha Griggsby has a family membership in her company's health insurance plan with thebenefits shown. Meekasha and her family receive only network health care. Her recent network healthcare costs include co-payments for 5 physician visits. Following hospital surgery, she made co-paymentsfor 5 physical therapy visits. Her hospital admission charge was $200.00 and her hospital bill was$10,000.00. What amount did she pay?cml6_4Question 4 answers$1,000.00$5,000.00$6,000.00$7,000.00Question 5 textQuestion 51 pointsSaveAsana Cruz is 45 years old. She wants to purchase a $50,000.00, 5-year term life insurancepolicy. The premium per $1,000.00 is $4.87. What is her annual premium?Question 5 answers$348.70$243.50$248.62
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Financial Literacy and Insurance Calculation: An Applied Learning Assignment - Page 4 preview imageNone of the aboveQuestion 6 textQuestion 61 pointsSaveHamid Husain took out a $50,000.00, 5-year term policy at age 50. The premium per $1,000.00was $4.80. He will be 55 years old this year. The premium per $1,000.00 will be $6.58. What is thepercent increase?Question 6 answers38%32%42%37%Question 7 textQuestion 71 pointsSaveYumiko Yoshida is 50 years old. He wants to purchase a limited payment policy valued at$75,000.00 until age 65. Use the chart below to calculate his annual premium.cml6_7Question 7 answers$4,675.00$4,256.25$45.89$46.92Question 8 textQuestion 81 pointsSaveSean Roberts was admitted to the hospital for surgery. His insurance covers 80 percent ofthehospital charges, which totaled $7,987.00. What amount did he pay for hospital charges?Question 8 answers
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