Question

Don and maria jefferies take $500 a month from savings. don and maria also receive social security, but maria receives 120 percent of don's amount. if their monthly income is $2,200 per month, how much is don's monthly social security benefit

Answer 1

Answer:772.73

Explanation:500 + d + (120/100)d = 2200

d + 1.2d = 2200 - 500

2.2d = 1700

d = 1700 / 2.2

d =~ $772.73

Answer 2

Don's monthly social security benefit is $772.73.

Let Don's monthly social security benefit be 'x'.

Don and Maria's monthly drawing from Savings =$500.

Maria's social security = 120% of Don's social security.

Total income = $2200.

So,

$500+x+\frac{120}{100}x = 2200$

$500+x+1.2x = 2200$

$2.2x = 1700$

$x = 772.73$