Janice Davidson, single mother of two in her late 20s, manages an in-store boutique at Lacy's Department Store. She earns $60,000 a year before taxes (her gross income) and pays 20% in taxes. Janice's fixed monthly living expenses are $2,400 with another $1,600 in variable/discretionary living expenses. Janice has $13,000 in emergency savings. Janice has an employer-paid disability benefit through the department store where she works. Lacy's provides its employees a long-term disability insurance benefit that pays 60% of an employee's gross salary up to a maximum of $5,000 a month. Would a policy that pays 40% of her gross salary provide enough income to cover Janice's fixed monthly expenses if she became disabled and couldn't work? If yes, how much could she set aside each month after fixed expenses are paid? If no, how much of a shortfall would she have and how could she cover it?​