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 recieve 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

Option b. #21,319.20

Step-by-step explanation:

Bob's average annual salary over the last 35 years = $50,760

His annual social security = 42% of his average annual salary

42% × 50,760

to calculate 42% of 50,760, we have to first convert 42% to fraction

× 50,760

= 0.42 × 50,760

= $21,319.20

Option b. #21,319.20

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explanation: