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Insurance Claim Adjuster/Examiner

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AVG. SALARY

$60,910

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EDUCATION

High school (GED) +

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JOB OUTLOOK

Decreasing

Real-Life Activities

Real-Life Math -- Solution

Start by adding up the costs of the parts and materials:

Materials = $420 bumper + $350 grill + $315 paint + $195 other
Materials = $1,280

Calculate the 6 percent tax:

$1,280 x 0.06 = $76.80

Add the tax to the materials and parts total:

$1,280 + $76.80 = $1,356.80

Now let's add up the labor hours.

The bumper will take 2 hours, the grill will take another hour, the hood needs 2 hours' work and the painting requires 3 hours:

Labor hours = 2 + 1 + 2 + 3
Labor hours = 8

Calculate the labor costs:

Labor costs = 8 x $42
Labor costs = $336

Add the cost of the parts and the cost of the labor:

Total = $1,356.80 + $336
Total = $1,692.80

Don't forget that Mrs. Matthews has a deductible of $250. Deduct that from the $1,692.80.

Insurance pays = $1,692.80 - $250
Insurance pays = $1,442.80

It will cost the insurance company $1,442.80 to repair Clive.