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Marco's new job pays $100,000, consisting of a base salary of $85,000 and a guaranteed bonus of $15,000 for the first three years. The employer-paid
Marco's new job pays $100,000, consisting of a base salary of $85,000 and a guaranteed bonus of $15,000 for the first three years. The employer-paid group disability benefit covers 100% for the first 60 days, then 60% of base income until age 65. It integrates with workers' compensation and Social Security. The disability coverage is modified own occupation for the first three years, then any occupation after that. Which of the following statements is CORRECT?
A) Marco will receive $4,250 per month from the start of his disability until age 65 if he remains disabled. B) If Marco cannot return to his current job or one for which he is reasonably trained and fitted for, he will continue to receive benefits. C) Marco will be able to collect Social Security disability and his full group benefit. D) Marco's benefit will be reduced by taxesStep by Step Solution
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