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Rusty Reft, who lives in Territory 5, carries 10/20/5 compulsory liability insurance along with optional...

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Accounting

Rusty Reft, who lives in Territory 5, carries 10/20/5 compulsory liability insurance along with optional collision that has a $300 deductible. Rusty was at fault in an accident that caused $3,500 damage to the other auto and $1,000 damage to his own. Also, the courts awarded $14,900 and $7,100, respectively, to the two passengers in the other car for personal injuries. a. How much will the insurance company pay? b. What is Rustys share of the responsibility?

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