Money placed in a flexible spending account to pay for out-of-pocket unreimbursed expenses for medical and dental feesa. may be subtracted as a credit from taxable incomeb. may be included in itemized deductionsc. may be subtracted as an adjustment to gross income. d. should be considered to be taxable income

An insurance company estimates the probability of an earthquake in the next year to be 0.0015. the average damage done to a house by an earthquake it estimates to be $90,000. if the company offers earthquake insurance for $150, what is company`s expected value of the policy? hint: think, is it profitable for the insurance company or not? will they gain (positive expected value) or lose (negative expected value)? if the expected value is negative, remember to show "-" sign. no "+" sign needed for the positive expected value