hard · Certified Financial Planner Risk Management
The Lindstroms are reviewing their disability coverage. Mrs. Lindstrom earns $250,000 annually. Her employer provides a group long-term disability policy covering 60% of salary, capped at 10,000 per month. The employer pays the full premium and does not include it in her taxable income.
If Mrs. Lindstrom becomes disabled and is in a combined 35% marginal tax bracket, what is her monthly after-tax disability benefit?
- $8,125
- $6,500
- $12,500
- $10,000
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