Sally has just finished her thirty-fifth year with her company and is getting ready to retire. During her thirty-five years, Sally’s average annual salary was $45,603. How much can Sally expect to receive from Social Security annually if she were to retire today? (Assume she will receive 42% of her average annual salary.)
Multiply Sally’s average annual salary by the stated Social Security percentage: $45,603 × 0.42 = $19,153.26. So she can expect to receive $19,153.26 annually, which is choice C.
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