Question

Sally has just finished her thirty-fifth year with her company and is getting ready to retire. During her thirty-five years, Sallys average annual salary was 45,603 How much can Sally expect to receive from Social Security annually if she were to retire today?
a. $191.53
b. $1,915.33
c. $19,153.26
d. $191,532.60

Answer 1

Answer:

$19153.26

Step-by-step explanation:

Here is the complete question: Sally has just finished her thirty-fifth year with her company and is getting ready to retire. During her thirty-five years, Sallys average annual salary was 45,603 How much can Sally expect to receive from Social Security annually if she were to retire today? (Assume she will receive 42% of her average annual salary.)

Given: Sally´s average salary while working is $45603.

           Sally will receive 42% of her average annual salary as social security.

Now, finding annual income of sally after retirement.

Sally´s income from social security after retirement= $\frac{42}{100} \times 45603= \ 19153.26$

∴ Sally receive $ 19153.26 annually from social security.