the questions in the WORD file of 2 separate topics
1-the plagiarism policy is very strict, so the percentage of plagiarism has to be 0%
2-must follow the answer structure and answer each point
Insurance accouting :
1 – Line of Insurance can further be classified as primary coverage or reinsurance
assumed. Primary coverage involves policies written between an insurer and a customer
directly. Reinsurance coverage involves the transfer of the insurer’s risk to a reinsurer.
Explain the various types of reinsurance in detail. ( 350 words )
2 – Define an Insurance Company as per Federal Income Taxation. State the
conditions for an Insurance company to be treated as Tax Exempt. ( 200 words )
3 – What are primary methods used to assess guaranty funds assessments for property
and liability insurance firms? Explain them. ( 200 words )
Tax and zakat accounting :
1 – Using your own words, explain the different concepts of income from accounting,
economics, and taxation perspectives. ( 200 words )
2 – Using the Formula for individual income tax. Give a comprehensive numerical
example for calculating income tax for an individual taxpayer in United States. ( 200
words )
3 – Using your own words, List Five with an explanation of the obligatory conditions
of Zakat to be eligible as alms assets. ( 350 words )