Jennifer is excited to be retiring after 35 years of service as a high school English teacher. Over the past 35 years, Jennifer's average annual salary was $26,443. How much can Jennifer expect to receive on a monthly basis from Social Security, assuming she will receive 42% of her average annually?

a.

$11,106.06

b.

$1,110.61

c.

$9,255.05

d.

$925.51

Question

7 July, 23:33

+5

Answers (1)

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Jordin Chaney · Answer 1

Annually = $26,443

42% of her annual average = 26,443 x 0.48 = $12,692.64 for 12 months

12,692:12 = her monthly average = $1,057.72