You’ve been laid off by your employer where you had been par…

You’ve been laid off by your employer where you had been participating in a contributory health-care plan. Your share of the premiums, $[premium] per month, was 50 percent of the actual cost to the employer.  If you opt for COBRA continuation coverage and your employer adds a 2 percent administrative charge, how much will you have to pay per month for the coverage? (Round answer to 0 decimal places, e.g., 52.)

Jake is 32 and married to Jill, who is 30. Jake earns a sala…

Jake is 32 and married to Jill, who is 30. Jake earns a salary of $54,000 (after-taxes), and Jill earns a salary of $104,000 (after-taxes). They don’t have any dependents, but they barely make the monthly payments on a $870,000 mortgage. Using the income multiplier method, approximately how much life insurance does Jake need?