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A noncontributory group disability income plan has a 30-day waiting period and offers benefits of $2,000 a month. If an employee is unable to work for 7 months due to a covered disability, the employee will receive

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Answer:

$12,000 of taxable benefits

Explanation:

We can generally consider that a 30 day waiting period equals one full month. In this case, since the employee was unable to work for 7 months, he/she will receive benefits for 7 - 1 = 6 months. Since the benefits (which are taxable) include $2,000 a month x 6 = $12,000 for the entire period.

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