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At 50 years old, Margie gets her first job that requires 3% pre-tax income deposits to Social Security. Margie makes $35,000 a year. Assuming she retires at 62, and Social Security offers a 2.5% rate to offset inflation, what will be the balance of Margie's Social Security when she retires?

User Avt
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Answer:

$14,847.46

Explanation:

User Rohit Tagadiya
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