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?
a.
$11,106.06
b.
$1,110.61
c.
$9,255.05
d.
$925.51
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
To calculate how much Jennifer can expect to receive on a monthly basis from Social Security, we need to multiply her average annual salary of $26,443 by 42%.
First, let's calculate 42% of $26,443:
(42/100) * $26,443 = $11,106.06
Therefore, Jennifer can expect to receive $11,106.06 on a monthly basis from Social Security.
The correct answer is option a. $11,106.06.