Social Studies

Harrington

4 November, 18:46

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