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Sachin is a sales executive who earns a gross monthly income of $6,200. His employer deducts the following amounts from his pay: $295 for employment
Sachin is a sales executive who earns a gross monthly income of $6,200. His employer deducts the following amounts from his pay: $295 for employment insurance and CPP; $180 for his group disability coverage; $290 for the company pension plan; and $1,300 for income taxes. Sachin's wife is employed and if Sachin dies prematurely, his family will need 50% of his income to maintain their current lifestyle. On what annual income should Sachin's insurance needs analysis be based on while determining the coverage needed? ROI1 TGNocm1 keFgrMzQyQkhlYFidz09 a. $26,770 b. O $28,110 c. O $24,810 d. $21,540
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