Fred willet receives $900 per month from social security and his wife, martha, receives 60 percent of the amount fred does. if fred and martha have a retirement income of $1,800 per month, how much must fred receive from his pension

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Anabella Ross

Business

11 December, 06:54

Fred willet receives $900 per month from social security and his wife, martha, receives 60 percent of the amount fred does. if fred and martha have a retirement income of $1,800 per month, how much must fred receive from his pension

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Farrell · Answer 1

Amount of Social security received by Fred = $900

Martha receives 60% of the amount of social security received by Fred.

Amount of social security received by Martha = $900 x 60%

= $540

Total amount received by both Martha and Fred = $1800

Social security (Fred) + Social Security (Martha) + Pension amount (Fred) = $1800

$900 + $540 + pension amount (Fred) = $1800

Pension amount (Fred) = $1800 - $900 - $540

= $360

Therefore, Fred must receive $360 from his pension.