Michael's estimated current monthly take-home pay is $4,500. His total existing monthly disability benefits are $2,950. Michael's estimated monthly disability benefits needed are: $1,550.
<h3>What conditions are considered disability?</h3>
- According to the law, a physical or mental impairment that can be expected to cause death or that has lasted or is anticipated to last for a continuous period of at least 12 months qualifies as a disability if it prevents the person from engaging in any substantial gainful activity (SGA).
- Any additional benefits you received while receiving Disability Allowance or Blind Pension can be kept if you continue to work. However, your higher income may have an impact on how much Rent Supplement you receive. In general, when you participate in an employment scheme, you can keep any additional benefits you were receiving.
- Ask yourself where you stand in relation to your full retirement age if you're wondering whether disability would pay more. Disability levels will be higher if you fall below it. Social Security will be higher if you are over it.
To learn more about : Disability benefits
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The answer is B. liabilities.
Answer:
d. $175,000
Explanation:
The computation of the period cost is shown below:
Period costs = Operating expenses
= $175,000
It records only that expenses which are incurred during the particular year. Examples - Salaries expense, Depreciation, Repairs, and maintenance, Advertising expense, sales commission, etc
All other information which is given is not relevant. Hence, ignored it
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Hope this helps
<u>Calculation of Breakeven Point:</u>
The breakeven point (units) can be calculated using the following formula:
Breakeven Point (Units) = Total Fixed cost/ (Selling Price- Variable Cost)
It is given that the company produces custom bike license plates and spends $5525 per month in building overhead plus $2.50 per license plate. The plates sell for $5.99 each.
Hence,
Breakeven Point (Units) = 5525 / (5.99-2.50) = 1583.09
Hence we can say that the company must sell <u>1583 plates</u> each month before making the profit.
