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1. Calculate a permanency award:

Assume you work for the law firm of Smart & Better. This firm primarily represents injured workers who have been involved in work related accidents. You previously filed Issues of permanency for Howard Smith. The attorney, Mrs. Smart, went to the hearing for Mr. Smith and his Award has been issued by the Commission. The ratings were 20% by the claimant's doctor and 0% by the IME or Insurer/Employer doctor. The claimant received 14% from the Commission. As above stated, the injury happened in 2012 and his average weekly wage is $500.00.

1. Mr. Smith wants to know how much money he will receive from the 14%. permanency to the back. Calculate 14% to the back for a 2012 injury with an AWW of $500.00. Show your math and exactly how you arrived at that number.

2. Mr. Smith also wants to know how much money he would have received if he got 15% to the back. Calculate the Award based 15% to the back for a 2012 injury with an AWW of $500.00 Show your math and exactly how you arrived at that number.

3. Assume Mr. Smith has an average weekly wage of $300 per week and again gets 14% from the WCC to the back for a 2012 injury. Calculate the Award given an aww of $300 and Show your math and exactly how you arrived at that number.

Financial Management, Finance

  • Category:- Financial Management
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