Paulette, a trial attorney for a corporation, was forced to leave the field due to an injury

Question:

Paulette, a trial attorney for a corporation, was forced to leave the field due to an injury to her vocal cords. She switched careers and became a lower-paying author. Fortunately, she had three disability policies. Policy A had an own occupation definition that was paid for by her employer and was for $20,000 per year. Policy B, which she paid for, had an own occupation definition and was for $30,000 of coverage per year. Policy C, which also was purchased by her, had no own occupation definition and was for $60,000 in coverage per year. Paulette's marginal tax rate was 33 percent. How many after-tax dollars did she receive per year?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: