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Insurance
Insurance Vocab
Simple Interest
Taxes
100

The largest planet in the solar system.

Jupiter

100

This insurance covered damages done to my car when I hit a tree.

Collision

100

What is a deductible?

It is the amount a person pays for health care before the insurance company covers the rest.

100

A 50% mark-up on a $7.00 tee-shirt.

7 * 1.5 = 10.5

$10.50

100

If I buy a watch for $2,500 what would I pay with a 6% tax added?

$2,510 (2,500 * .006)

200

What country gave the Statue of Liberty to the U.S.?

France.

200

I hit a car on my way to school, their damages cost $400.00 and mine were $1,200.00. I have liability insurance coverage of 25/50/10 and collision coverage worth $14,500 with a $1,000.00 deductible.

What insurance covers damage done to the other car? What do I have to pay?

Liability will cover all of the damages to the other car

200

What is a carrier?

An insurance company offering a health care plan.

200

60% discount on a $40.00 pair of jeans 

$16.00

200
25% tax on a $50 purchase.

$62.50

300

Who was the 16th president of the United States of America?

Honest Abe Lincoln

300

I ran into a telephone pole on Wallace Hill road during a snowstorm. Damages on my car cost $3,000. I have collision coverage on my car after a $2,000 deductible.

How much will I pay for the damages?

$2,000 for the deductible, but my collision coverage will cover my car.

300

What is HMO?

HMO is equal monthly fees no matter how many times you visit.

300

30% mark-up on a $30.00 sweatshirt

$39.00

300

I buy a sandwich for $7.00 and a drink for $3.00 with 7% tax added, what's my total on the purchase?

$10.70

400

What is the little piece called that you attach to headphones with a headphone jack that doesn't fit into iPhone's 7 and up?

A dongle

400

This type of life insurance is coverage of death over a specific period of time. 

Term Life Insurance

400

What is Medicaid? 

Medicaid is health insurance to help poor people. 

400

40% mark-up, 20% discount, $60.00 sneakers

$67.60

400

My new jacket cost $300 and a 12% tax was added. What's the total after tax?

$336.00

500

What is the name of the red headed intern that works for Perry the platypus' boss?

Carl Karl

500

I hit a car going 15 miles over the speed limit in Newbury village. The other car has $3,500 worth of damage and my car has $5,500 worth of damage. I have liability coverage 25/50/10 and collision coverage after a $1,500 deductible.

How much will I be paying for my car and the other persons car? 

My liability insurance will cover the cost of the other persons car and I will pay the $1,500 deductible then the damages to my car will be covered by my collision coverage. 

500

Short-term Disability

Short-term disability is when you get paid for not working due to an injury that is quickly resolved.

500

mark-up 15%

discount 30%

tax 5% 

$40.00 purchase

$33.81

500

My mom bought $60.00 worth of scratch tickets and after every $10.00 of scratch tickets bought the store adds a 4% tax. What was her total?

$74.40