11
QuizMultiple Choice

Social Security and Medicare

Question 11 • FL-2102373-Personal Finance and Money Management Honors

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?

Answer
A
$11,106.06
B
$1,110.61
C
$9,255.05
D
$925.51

Explanation

First find 42% of Jennifer’s average annual salary: $26,443 × 0.42 = $11,106.06 per year. Divide by 12 months: $11,106.06 ÷ 12 = $925.505, or $925.51 rounded to the nearest cent. The correct choice is $925.51 per month.

AI-written and checked against the verified answer.

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