Question: Use Worksheet 9.2. Asher Perkins, a 35-year-old computer programmer, earns $98,000 a year. His monthly take-home pay is $4,450. His wife, Elle, works part-time at

 Use Worksheet 9.2. Asher Perkins, a 35-year-old computer programmer, earns $98,000
a year. His monthly take-home pay is $4,450. His wife, Elle, works

Use Worksheet 9.2. Asher Perkins, a 35-year-old computer programmer, earns $98,000 a year. His monthly take-home pay is $4,450. His wife, Elle, works part-time at their Children's elementary school but rectives no tenefits. Under state law, Ellie's employer contributes to a workers' compensation insurance fund that would provide $2,700 per month for six months of Asher were disabled and unable to work. .. Use Worksheet 9.2 to calculate Asher's disability insurance needs, assuming that he won't quality for Medicare under his Social Security benefits. Round your answer to the nearest whole $ b. Based on your answer in part a, what would you advise Asher about his need for additional disability income insurance Discuss the type and sue of disability income Insurance coverage he should consider, including possible provisions he might want to include. What other factors should he take into account the decides to purchase a policy? The input in the box below will not be graded, but may be reviewed and considered by your instructor A lili SEE Merge & Center B4 x foc A B D G H 1 2 4 Name(s) DISABILITY BENEFIT NEEDS Toate 7 1. 2. $ 9 11 13 15 17 Estimate current monthly take home pay Estimate existing monthly benefits a. Social Security benefits b. Other government program benefits c. Company disability benefits d. Group disability policy benefits Total existing monthly disability benefits (2a +2b +2c +2d) Estimated monthly disability benefits needed ([113]) on 3. 4. 21 22 23 24

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!