58
QuizMultiple Choice

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Question 58 • ASSIGN FULL - EVP: PGCPS FINANCIAL LITERACY OC (FALL2026) - 795060

Sam is thinking of retiring from his job after many years of faithful service. During the last 35 years at his job, his annual salary averages to $37,991. Every month, his bills total $1,755. How much money would Sam need each month to supplement his monthly Social Security benefit (assuming his annual benefit is 42% of his salary average) and still be able to pay his bills?

Answer
A
At least $81.23
B
At least $425.32
C
At least $1,410.92
D
At least $3,019.67

Explanation

Sam’s annual Social Security benefit would be 42% of $37,991, or $15,956.22. Dividing by 12 gives a monthly benefit of about $1,329.69; subtracting that from his $1,755 in monthly bills leaves $425.32 to supplement the benefit. The correct choice is “At least $425.32.”

AI-written and checked against the verified answer.

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