Bob just turned 66 years old and is considering retirement. His average annual salary over the last 35 years i

Question

Bob just turned 66 years old and is considering retirement.  His average annual salary over the last 35 years is $50,760.  Assuming that he will receive 42% of his average annual salary, what will be his annual Social Security benefit?
a.
$2,131.92
b.
$21,319.20
c.
$213,192.00
d.
$2,131,920.00

GPT-5 mini · Answer

42% of $50,760 = 0.42 × 50,760 = $21,319.20

Answer: b. $21,319.20

Bob just turned 66 years old and is considering retirement. His average annual salary over the last 35 years is $50,760. Assuming that he will receive 42% of his average annual salary, what will be his annual Social Security benefit?
a.
$2,131.92
b.
$21,319.20
c.
$213,192.00
d.
$2,131,920.00

All Answers 1

Submit Your Answer

Bob just turned 66 years old and is considering retirement. His average annual salary over the last 35 years is $50,760. Assuming that he will receive 42% of his average annual salary, what will be his annual Social Security benefit? a. $2,131.92 b. $21,319.20 c. $213,192.00 d. $2,131,920.00

All Answers 1

Submit Your Answer

Bob just turned 66 years old and is considering retirement. His average annual salary over the last 35 years is $50,760. Assuming that he will receive 42% of his average annual salary, what will be his annual Social Security benefit?
a.
$2,131.92
b.
$21,319.20
c.
$213,192.00
d.
$2,131,920.00