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Sergio Said:

how to calculate the premium for a builder's risk liability?

We Answered:

No such horse, as builder's risk liability.

There's Builders Risk, which is a PROPERTY coverage, and then there is liability, and there are several ways to write it - the OWNER can do it, or the CONTRACTOR can do it.

For the Builder's Risk Property, there are two ways to do it - a flat rate per $100 of completed value, for ONE SPECIFIC structure, for a pre-determined period of time (not necessarily 365 days!), OR, for contractors that have several starts running at a time, a blanket reporting form.



Pricing is influenced by location, perils insured against, type of construction (residential or commercial), time frame of construction, building materials, any materials limit for materials on site but not added yet, etc.

For a one-shot builder's risk, it's payable in full, before ground is broken. For a reporting form, the premiums are calculated every reporting period - monthly for the bigger guys, quarterly for the smaller guys.

Liability is based on class of work, payroll, amount subbed out, gross sales, and units.

The property part is pretty simple. The liability can be pretty complex. And you have to include workers comp, if you're doing this for the general.

Ramon Said:

How to compute COBRA premium in a divorce?

We Answered:

The husband and wife/kids are treated separately under the group plan upon the qualifying event of the divorce. The husband is no longer connected to the wife's plan. Under COBRA, the husband will be offered whatever the premium is for an individual plus the traditional 2% COBRA mark-up fee. The wife's plan may not change at all depending how the plan is written except for husband dropping off. It will depend what options are offered: Individual, Employee + Children, Family. If the employer only offers an Individual and Family rate then the wife's rate will not change. However if there is a rate for Employee + children that is less than the family rate the wife would default to this rate.

Steven Said:

How Federal tax is calculated for whithholding from paycheck?

We Answered:

Employers use IRS Pub 15 to calculate withholdings. You can get a copy at the IRS website.

FICA is a flat 7.65% of gross income. 401(k) contributons are NOT exempt from FICA although income for income tax purposes is.

Federal income taxes are withheld from gross income after deducting pre-tax decuctions for retirement plans, health insurance, or pre-tax cafe plans. FICA is NOT deducted from gross income to calculate income tax withholding.

State taxes are withheld based upon gross wages just like Federal income taxes are. Some states allow a deduction for FICA and some do not so state law will determine if FICA is subtracted from your wages before the withholding is calculated.

Justin Said:

I don't know how to do this math problem please help?

We Answered:

A.P. = $500000 × $4.17/$1000 = $2085

Jacqueline Said:

How I Know Credit Card Insurance?

We Answered:

The financial institution which offers you credit insurance is in partnership with an insurance company. Credit card insurance is optional service, it is meant to protect you and your family in case of your disability or death. To get detailed information you need to ask the credit card-issuing bank. It will help to get some professional advice at http://www.creditcardspecialist.com/Imme… They will give you exact numbers and details.