Answer:
7
Step-by-step explanation:
To find how much Henry can expect to receive from Social Security on a monthly basis, we first need to find how much he cant expect to receive from social security per year.
We know form our problem that Henry averaged an annual salary of $45,620, so to find how much can Henry expect to receive from Social Security per year, we just need to find the 42% of $45,620.
To find the 42% of $45,620, we are going to convert 42% to a decimal by dividing it by 100%, and then we are going to multiply the resulting decimal by $45,620:

Social security annual payment = (0.42)($45,620) = $19,160.40
Since there are 12 month in a year, we just need to divided the social security annual payment by 12 to find how much he can expect to receive each month.
Social security monthly payment =
= $1.596.70
We can conclude that Henry can expect to receive $1.596.70 monthly from Social Security.
The total stockholders equity based on the information given will be $8285000.
<h3>How to compute the equity?</h3>
The stockholders equity will be calculated thus:
Common stock $4480000
Excess over par = $1152000
Paid in capital = $5632000
Sale of treasury = $224,000
Total paid in capital = $5856000
Retained earnings = $2,554,000
Total = $8,410,000
Less treasury stock = 125,000
Total stockholders equity = $8,410,000 - $125000
= $8285000
Therefore, the total stockholders equity based on the information given will be $8285000.
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