Question: Computing Monthly Disability Needs Sam wants to estimate his monthly disability income needs in case he is injured or ill and can't work for an
Computing Monthly Disability Needs Sam 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. Sam has gathered the following figures, on a current, per-month basis. Sam's gross pay is $5,400 and take-home pay is $4,000. If Sam is eligible for Social Security disability, his benefit will be $2,000. Sam expects to be disabled for 5 months. Sam is not eligible for any other government programs. Sam's company does not provide disability benefits. Sam is not enrolled in a group disability income insurance plan. Complete the following table for the third month of Sam's disability. 1 Complete the following table for the third month of Sam's disability. Sam's Monthly Disability Benefit Needs Social Security benefits Other government program benefits Company disability benefits Group disability policy benefits Total existing disability benefits pay Estimated disability benefits needed: $ $ $
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