Answer:
34 125
Explanation:
To calculate how much Owen will receive per month if he becomes disabled, we need to consider the taxes and the long-term disability insurance policy.
Step 1: Calculate the amount of taxes Owen pays.
Owen's gross pay is $75,000. He pays roughly 30% in taxes, so the taxes he pays can be calculated as:
Taxes = 0.3 * $75,000 = $22,500
Step 2: Calculate Owen's net pay after taxes.
Net Pay = Gross Pay - Taxes
Net Pay = $75,000 - $22,500 = $52,500
Step 3: Calculate the amount Owen will receive from the disability insurance policy.
The disability insurance policy replaces 65% of his pay. So, the amount he will receive from the insurance can be calculated as:
Insurance Amount = 0.65 * Net Pay
Insurance Amount = 0.65 * $52,500 = $34,125
Therefore, if Owen becomes disabled, he will receive approximately $34,125 per month.