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Chapter 9 Financial Planning Exercise 5 Use Worksheet 9.2. Bruce Kaplan, a 35-year-old computer programmer, earns $71,000 a year. His monthly take-home pay is $4,150.
Chapter 9 Financial Planning Exercise 5 Use Worksheet 9.2. Bruce Kaplan, a 35-year-old computer programmer, earns $71,000 a year. His monthly take-home pay is $4,150. His wife, Barbara, works part-time at their children's elementary school but receives no benefits. Under state law, Barbara's employer contributes to a worker's compensation insurance fund that would provide $2,550 per month for six months if Bruce were disabled and unable to work. a. Use Worksheet 9.2 to calculate Bruce's disability insurance needs assuming that he won't qualify for Medicare under his Social Security benefits. Round your answer to the nearest whole
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