Computing Monthly Disability Needs Nick wants to estimate his monthly disability income needs in case he is injured or ill and can't work for an extended period of time. Nick has gathered the following figures, on a current, per-month basis. Nick's gross pay is $3,375 and take-home pay is $2,500. If Nick is eligible for Social Security disability, his benefit will be $1,250. Nick expects to be disabled for 14 months. As an armed services veteran, Nick has discovered that he would receive $500 from the government. His payments would begin immediately. Nick would receive $250 in company disability benefits. His payments would begin immediately. Nick would receive $500 from his group disability policy. His payments would begin immediately. + Complete the following table for the third month of Nick's disability. Nick's Monthly Disability Benefit Needs Social Security benefits Other government program benefits Company disability benefits Group disability policy benefits $1,250 $500 $250 $500 Total existing disability benefits $2,500 Gross pay $2,500 Estimated disability benefits needed: $2,500 Computing Monthly Disability Needs Nick wants to estimate his monthly disability income needs in case he is injured or ill and can't work for an extended period of time. Nick has gathered the following figures, on a current, per-month basis. Nick's gross pay is $3,375 and take-home pay is $2,500. If Nick is eligible for Social Security disability, his benefit will be $1,250. Nick expects to be disabled for 14 months. As an armed services veteran, Nick has discovered that he would receive $500 from the government. His payments would begin immediately. Nick would receive $250 in company disability benefits. His payments would begin immediately. Nick would receive $500 from his group disability policy. His payments would begin immediately. + Complete the following table for the third month of Nick's disability. Nick's Monthly Disability Benefit Needs Social Security benefits Other government program benefits Company disability benefits Group disability policy benefits $1,250 $500 $250 $500 Total existing disability benefits $2,500 Gross pay $2,500 Estimated disability benefits needed: $2,500