asked 153k views
2 votes
Limit at which commission may pay a claim without a hearing

a) $100
b) $500
c) $1,000
d) $5,000

asked
User TMann
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7.9k points

1 Answer

6 votes

Final answer:

The limit at which a commission may pay a claim without a hearing is $1,000.

Step-by-step explanation:

The subject of this question is Business and it is at a High School level. The limit at which a commission may pay a claim without a hearing is not explicitly stated in the question, but based on the given information, we can determine that the answer is c) $1,000.

According to the second set of information provided, the amount of $1,000 falls within the range of $12,951 to $49,400, which corresponds to a commission of $7,500 plus 25% of the amount over $50,000. Since $1,000 is less than $12,950, which is the lower end of this range, a commission can pay a claim without a hearing.

This means that if a claim is for an amount below $1,000, it can be paid without the need for a hearing.

answered
User Ellen Spertus
by
8.5k points

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