Jennifer is excited to be retiring after 35 years of service as a high school english teacher. over the past 35 years, jennifer’s average annual salary was $26,443. how much can jennifer expect to receive on a monthly basis from social security, assuming she will receive 42% of her average annually? a. $11,106.06 b. $1,110.61 c. $9,255.05 d. $925.51

option (d) $925.51

Explanation:

Given:

Jennifer’s average annual salary = $26,443

Percentage to be received annually = 42%

Now,

The amount Jennifer will receive annually

= Percentage to be received annually × average annual salary

= 42% × $26,443

= $11,106.06

Therefore,

The monthly amount Jennifer will receive

= (Annual amount received by Jennifer) ÷ (Total months in a year)

= $11,106.06 ÷ 12

= $925.505 ≈ $925.51

Hence,

correct answer is option (d) $925.51

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