Question

17) Tony is retiring after 40 years and will receive a monthly pension of $1400

and Social Security of $1100 a month. What will be Tony's total annual
income?

Answer 1

$30,000 per year.

Explanation:

Add the two monthly incomes together:

1400 + 1100 = 2500 a month.

There are 12 months in a year, multiply the monthly income by 12:

2500 * 12 = $30,000 per year.

Answer 2

Add the two monthly incomes together:

1400 + 1100 = 2500 a month.

There are 12 months in a year, multiply the monthly income by 12:

2500 * 12 = $30,000 per year.