What is the TD Rate maximum across 2006-2008?

What is the TD Rate maximum across 2006-2008?

• A. 881.66
• B. 958.01
• C. 916.33
• D. 958.00

Answer: (B)

Temporary Disability benefits are capped at a maximum weekly amount that is indexed each year to the statewide average weekly wage and rounded to the nearest cent. Because the state’s average weekly wage increases over time, the maximum TD rate also rises each year. The listed yearly maximums show this progress: 881.66 in 2006, 916.33 in 2007, and 958.01 in 2008. The question asks for the maximum across 2006–2008, which is the highest value, 958.01, reached in 2008. The figure 958.00 would not reflect the exact maximum for that year, given the standard rounding to the cent.

Temporary Disability benefits are capped at a maximum weekly amount that is indexed each year to the statewide average weekly wage and rounded to the nearest cent. Because the state’s average weekly wage increases over time, the maximum TD rate also rises each year. The listed yearly maximums show this progress: 881.66 in 2006, 916.33 in 2007, and 958.01 in 2008. The question asks for the maximum across 2006–2008, which is the highest value, 958.01, reached in 2008. The figure 958.00 would not reflect the exact maximum for that year, given the standard rounding to the cent.