Use the following formula to answer the indicated question: Benefit amount = Maximum award - 0.6 (Wages in excess of ceiling)Raynoo is retired and earns $15,000 per year working part-time.She is entitled to a maximum Social Security retirement benefit of $14,000.Social Security regulations allow her to earn $9,000 and still get maximum benefits.Raynoo's total income,including Social Security benefits,is

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First, we need to calculate Raynoo's excess wages by subtracting the Social Security earnings limit from her part-time income:

$15,000 - $9,000 = $6,000

Next, we can use the formula provided to calculate her actual benefit amount:

Benefit amount = $14,000 - 0.6($6,000)
Benefit amount = $14,000 - $3,600
Benefit amount = $10,400

Finally, we can add Raynoo's part-time earnings and her Social Security benefit to determine her total income:

Total income = $15,000 + $10,400
Total income = $25,400

Therefore, the correct answer is C.

Use the Following Formula to Answer the Indicated Question: Benefit