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11 April, 06:00

One possible solution to a diminishing Social Security payroll is to decrease the Social Security benefit by 13%. How would such a decrease effect the benefits on a salary of $54,000?

a. Benefit would decrease by $1,404 annually.

b. Benefit would decrease by $7,020 annually.

c. Benefit would decrease by $8,640 annually.

d. Benefit would decrease by $15,660 annually

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  1. 11 April, 06:28
    0
    What is 13% of 54,000?

    7,020 is 13% of 54,000.

    The answer is B.
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