Social Studies

One possible solution to a diminishing Social Security payroll is to decrease the Social Security benefit by 13%. How would such a decrease effect the benefits on a salary of $54,000?
a. Benefit would decrease by $1,404 annually.
b. Benefit would decrease by $7,020 annually.
c. Benefit would decrease by $8,640 annually.
d. Benefit would decrease by $15,660 annually


Answers

bob1997

3 years ago Comment

What is 13% of 54,000? 
7,020 is 13% of 54,000.
The answer is B.