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Lucia wants to estimate her monthly disability income needs in case she is injured or ill and can't work for an extended period of
Lucia wants to estimate her monthly disability income needs in case she is injured or ill and can't work for an extended period of time. Lucia has gathered the following figures, on a current, per-month basis. Lucia's gross pay is $3,375 and take-home pay is $2,500. If Lucia is eligible for Social Security disability, her benefit will be $1,000. Lucia expects to be disabled for 12 months. As an armed services veteran, Lucia has discovered that she would receive $500 from the government. Her payments would begin Immediately. Lucia would receive $250 in company disability benefits. Her payments would begin immediately. Lucia would receive $500 from her group disability policy. Her payments would begin immediately. Complete the following table for the tenth month of Lucia's disability. Lucia'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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