Question

Sally has just finished her thirty-fifth year with her company and is getting ready to retire. During her thirty-five years, Sally’s average annual salary was $45,603. How much can Sally expect to receive from Social Security annually if she were to retire today? (Assume she will receive 42% of her average annual salary.)
a.
$191.53
b.
$1,915.33
c.
$19,153.26
d.
$191,532.60

Answer 1

42% of $45,603 = 0.42 × 45,603 = $19,153.26, so answer c.