What will be Bob's annual Social Security benefit if he receives 42% of his average annual salary of $50,760?

What will be Bob's annual Social Security benefit if he receives 42% of his average annual salary of $50,760?

• A. $21,319.20
• B. $23,500.00
• C. $19,000.00
• D. $22,000.00

Answer: (A)

To calculate Bob's annual Social Security benefit, you need to take 42% of his average annual salary. His salary is given as $50,760. To find 42% of this amount, you perform the following calculation: 1. Convert the percentage to a decimal: 42% = 0.42. 2. Multiply Bob's average annual salary by this decimal: $50,760 × 0.42 = $21,319.20. This computation shows that, based on his average annual salary, Bob's annual Social Security benefit will be $21,319.20. This choice aligns perfectly with his calculated benefit. Other options such as $23,500.00, $19,000.00, and $22,000.00 do not represent the correct percentage of Bob's salary and therefore would not accurately reflect his entitled benefit amount based on the percentage provided.

To calculate Bob's annual Social Security benefit, you need to take 42% of his average annual salary. His salary is given as $50,760. To find 42% of this amount, you perform the following calculation:

1. Convert the percentage to a decimal: 42% = 0.42.

2. Multiply Bob's average annual salary by this decimal:

$50,760 × 0.42 = $21,319.20.

This computation shows that, based on his average annual salary, Bob's annual Social Security benefit will be $21,319.20.

This choice aligns perfectly with his calculated benefit. Other options such as $23,500.00, $19,000.00, and $22,000.00 do not represent the correct percentage of Bob's salary and therefore would not accurately reflect his entitled benefit amount based on the percentage provided.