Mr.Jenkins is almost 67 years old and is preparing to retire.Over his life,he earned an average of $3,750 per month after adjusting for inflation.The formula for calculating monthly Social Security benefits is 90% of the first $856 earned,then 32% of the earnings over $856.What will Mr.Jenkins' monthly benefit be?

Question

Quizplus · Accepted Answer

The Answer of Mr.Jenkins is almost 67 years old and is preparing to retire.Over his life,he earned an average of $3,750 per month after adjusting for inflation.The formula for calculating monthly Social Security benefits is 90% of the first $856 earned,then 32% of the earnings over $856.What will Mr.Jenkins' monthly benefit be?

MrJenkins Is Almost 67 Years Old and Is Preparing to Retire.Over