Jelena has just finished her thirty-seventh year with her company and is getting ready to retire. During her thirty-seven years, Jelen

Question

Jelena has just finished her thirty-seventh year with her company and is getting ready to retire. During
her thirty-seven years, Jelena’s average annual salary was $53,420. How much can Jelena expect to
receive from Social Security annually if she were to retire today? (Assume she will receive 42% of her
average annual salary.)
e. $224.36
f. $2,243.64
g. $22,436.40
h. $224,364.00

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Savannah 3 months 2022-02-19T05:21:30+00:00 1 Answer 0 views 0

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    2022-02-19T05:22:45+00:00

    Answer:

    The correct answer is G. $22,436.40

    Step-by-step explanation:

    1. Let’s review the information given to us to answer the question correctly:

    Jelena’s average annual salary = $ ¬†$53,420

    Expected annually pension to receive from Social Security = 42% of her average annual salary

    2. How much can Jelena expect to  receive from Social Security annually if she were to retire today?

    Expected annually pension to receive from Social Security = 42% of her average annual salary

    Expected annually pension to receive from Social Security = 53,420 * 0.42 = $ 22,436.40

    The correct answer is G. $22,436.40

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