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Arthur is a tax accountant who works in a corporate partnership. Last year he earned...

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Accounting

Arthur is a tax accountant who works in a corporate partnership. Last year he earned $200,000 from client billings. He owns a disability income policy that pays him $11,000 a month if he is totally disabled. It is an own occupation definition plan and has a five-year benefit period. The plan pays residual benefits if he is able to earn at least 20% of his pre-disability income. Eight months ago he was severely injured in an automobile accident and he was unable to work for seven months. He has returned to work on a reduced schedule and he is only able to earn $2,000 a month.
What will be the amount of Arthurs residual disability benefit

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