The Federal Deposit Insurance Corporation insures deposits up to $250,000 per person per financial institution. Suzanne has $200,000 in an individual account and $424,000 in a joint account with her husband, Ted. How much of Suzanne's money is not covered by FDIC insurance?

A, $162,000

B, $174,000

C, $374,000

D, $50,000

E, $0

option A is correct

Amount that not covered is $162000

Explanation:

given data

insures deposits = $250,000

individual account = $200,000

joint account = $424,000

to find out

How much of Suzanne's money is not covered by FDIC insurance

solution

we know that

here eligible coverage amount is = $200000 + 1/2 * 424000

so eligible coverage amount is = $412,000

and we know that

Amount covered = $250000

so that

here Amount that not covered is = $412000 - $250000

Amount that not covered is $162000

so option A is correct