how much money will an employee who earns $80,000 per year receive for missing 6 months of work using the…

how much money will an employee who earns $80,000 per year receive for missing 6 months of work using the short - term disability plan? short - term disability long - term disability benefit 60% of salary 50% of salary annual premium 1% of salary 2% of salary $?

how much money will an employee who earns $80,000 per year receive for missing 6 months of work using the short - term disability plan? short - term disability long - term disability benefit 60% of salary 50% of salary annual premium 1% of salary 2% of salary $?

Answer

Explanation:

Step1: Calculate monthly salary

Monthly salary = $\frac{80000}{12}$

Step2: Calculate 6 - month salary before benefit

6 - month salary before benefit = 6×$\frac{80000}{12}$ = 40000

Step3: Calculate benefit amount

Benefit amount = 40000×60% = 40000×0.6 = 24000

Answer:

24000