The Total Debts of You and Your Spouse Include the Following

question 59

Multiple Choice

The total debts of you and your spouse include the following: mortgage,$180,000; auto loan,$10,000; credit card balance,$2,000; and personal debts of $6,000.Further,you estimate that your funeral will cost $4,000.Your spouse expects to continue to work after your death.What is your life insurance need using the DINK method?

• A)$103,000
• B)$106,000
• C)$226,000
• D)$202,000
• E)$99,000

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Definitions:

Identical Drives

Storage devices of the exact make and model, having the same specifications and performance characteristics, used often in RAID configurations for redundancy or performance.

Surround Sound

An audio technology that creates a 360-degree sound field around the listener, improving the perception of sound depth and spatial characteristics, typically utilized in home theaters and cinemas.

Standard

An established norm or requirement, often official, that specifies guidelines or criteria for procedures, products, or systems.

USB

Universal Serial Bus, a standard for cables and connectors used to connect computers and peripherals.