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Ashley plans on retiring when she is 67 years old (Dang). Assume monthly average adjusted earnings of $3,780. Estimate her full Social
Security retirement benefits using the 2023 data.

A. Multiply the first $1,115 by 90%
(Round to the nearest Cent)

B. Multiply the amount over $1,115 and less than or equal to $6,721 by 32% (Round to the nearest cent)

C. Multiply the amount over $6,721 by 15%.
(Round to the nearest cent)

D. Add the results from a, b, and c. Round DOWN to the next lower dollar amount (Drop the change). This is your estimated monthly
retirement benefit at age 67, your full retirement age.

Blank 1:?
Blank 2:?
Blank 3:?
Blank 4:?



Answer :

sqdancefan

Answer:

  1. $1003.50
  2. $852.80
  3. 0
  4. $1856

Step-by-step explanation:

You want an estimate of Ashley's full Social Security benefit at age 67 if she has average adjusted earnings of $3780 per month.

A. First $1115

Multiply the first $1,115 by 90%:

  $1,115 × 0.90 = $1003.50 . . . . blank 1

B. Up to 6721

Multiply the amount over $1,115 and less than or equal to $6,721 by 32%:

  ($3780 -1115) × 0.32 = $852.80 . . . . blank 2

C. Over 6721

Multiply the amount over $6,721 by 15%.

The amount 3780 is not over 6721, so this amount is 0.

  $0 × 0.15 = $0 . . . . blank 3

D. Total

Add the results from a, b, and c. Round DOWN:

  $1003.50 +852.80 +0 = $1856.30, rounds to $1856 . . . . blank 4

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