Question: Computing Monthly Disability Needs Eileen wants to estimate her monthly disability income needs in case she is injured or ill and can't work for an

 Computing Monthly Disability Needs Eileen wants to estimate her monthly disability

Computing Monthly Disability Needs Eileen wants to estimate her monthly disability income needs in case she is injured or ill and can't work for an extended period of time. Eileen has gathered the following figures, on a current, per-month basis. Eileen's gross pay is $5,400 and her take-home pay is $4,000. If Eileen is eligible for Social Security disability, her benefit will be $1,200. Eileen expects to be disabled for 5 months. Eileen is not eligible for any other government programs. Eileen's company does not provide disability benefits Eileen is not enrolled in a group disability income insurance plan. Complete the following table for the third month of Eileen's disability. Eileen's Monthly Disability Benefit Needs pay Social Security benefits Other government program benefits Company disability benefits Group disability policy benefits Total existing disability benefits Estimated disability benefits needed

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