Sam is thinking of retiring from his job after many years of faithful service. during the last 35 years at his job, his annual salary averages to $37,991. every month, his bills total $1,755. how much money would sam need each month to supplement his monthly social security benefit (assuming his annual benefit is 42% of his salary average) and still be able to pay his bills? a. at least $81.23 b. at least $425.32 c. at least $1,410.92 d. at least $3,019.67

His bills are 1755*12=21060 dollars. 42 percent of 37991 is 15956.22 dollars. 21060-15956.22 is 5103.78 dollars anually. You want to divide that by 12 for the monthly salary to get, 425.31500, so at least 425.32 or B.

He earned an average of $37,991.

42% of $37,991 = 0.42 * $37,991 = $15,956.22

Social security will pay him $15,956 per year.

$15,956.22/12 = $1,329.69

He will receive $1,329.69 per month from social security.

He needs $1,755 per month.

$1,755 - $1,329.69 = $425.32

b. At least $425.32

your answer is  

a.

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