Question

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

Answer 1

D is the correct answer

Explanation:

I just took the test

Answer 2

Option D Jennifer will receive $925.51 monthly.

Explanation:

Jennifer is now retiring after 35 years of service as a high school English teacher.

Over the past 35 years Jennifer's average annual salary = $26,443

Jennifer expect to receive annually = 42% of her average annually

Now we calculate 42% of her annual salary

Therefore, 42% of $26,443 =
`(42)/(100)` × 26,443

= 0.42 × 26,443 = $11,106.06 annually

Now we divide this amount from 12 to get his monthly receiving

= 11,106.06 ÷ 12 = $925.505 rounded to $925.51

Jennifer will receive $925.51 monthly basis from Social Security.