Group-term life insurance. (obj. 2) paine distributing pays an annual premium for $90,000 for nondiscriminatory group-term life insurance coverage on its president, fred j. noble. fred is 44 years of age. his wife, melanie, is the policy’s benefi ciary. for this group-term life insurance, fred pays the company $0.20 per year for each $1,000 of coverage. his share of the insurance premium is deducted from his gross salary under paine’s payroll deduction plan. what portion of the group-term life insurance cost is included in fred’s gross income for the year?

1tanner invested $135,000 cash along with office equipment valued at $32,400 in the company in exchange for common stock. 2 the company prepaid $7,200 cash for 12 months’ rent for office space. (hint: debit prepaid rent for $7,200.) 3 the company made credit purchases for $16,200 in office equipment and $3,240 in office supplies. payment is due within 10 days. 6 the company completed services for a client and immediately received $2,000 cash. 9 the company completed a $10,800 project for a client, who must pay within 30 days. 13 the company paid $19,440 cash to settle the account payable created on april 3. 19 the company paid $6,000 cash for the premium on a 12-month insurance policy. (hint: debit prepaid insurance for $6,000.) 22 the company received $8,640 cash as partial payment for the work completed on april 9. 25 the company completed work for another client for $2,640 on credit. 28 the company paid $6,200 cash in dividends. 29 the company purchased $1,080 of additional office supplies on credit. 30 the company paid $700 cash for this month’s utility bill. prepare general journal entries to record these transactions. 2. post the journal entries from part 1 to the ledger accounts.

Lesson 6 problem-solving practice sales tax, tips, and markup 1. skateboards inez wants to buy a skateboard but she does not know if she has enough money. the price of the skateboard is $80 and the sales tax is 7%. what will be the total cost of the skateboard

Why does munger believe it is so important to have multiple models in your head? how might the use of multiple models be used as a corrective measure for the sometimes inappropriate use of the judgmental heuristics described in tversky and kahneman?