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?

Question

a.
$11,106.06
b.
$1,110.61
c.
$9,255.05
d.
$925.51

Answer 1

To find out how much Jennifer can expect to receive on a monthly basis from Social Security, we need to calculate 42% of her average annual salary.

42% of $26,443 = ($26,443 * 0.42) = $11,106.06

Thus, Jennifer can expect to receive $11,106.06 on a monthly basis from Social Security.

So, the correct option is a. $11,106.06