3. Kent's base was $35,000 per year 5 years ago. His present employer was his first and only employer. He has received 5% merit increases each year. How many quarters of coverage under social security does he have? 4. As of this year, Nancy Westman, aged 37, had 28 quarters of coverage under social security. Twenty- four of these quarters were earned prior to the birth of her first child 11 years ago. Four quarters have been earned since she reentered the labor force one year ago. Is Nancy fully insured? Explain. a. b. Is Nancy currently insured? Explain. c. Is Nancy disability insured? Explain. 3. Kent's base was $35,000 per year 5 years ago. His present employer was his first and only employer. He has received 5% merit increases each year. How many quarters of coverage under social security does he have? 4. As of this year, Nancy Westman, aged 37, had 28 quarters of coverage under social security. Twenty- four of these quarters were earned prior to the birth of her first child 11 years ago. Four quarters have been earned since she reentered the labor force one year ago. Is Nancy fully insured? Explain. a. b. Is Nancy currently insured? Explain. c. Is Nancy disability insured? Explain