Mandy and Michael Tombs Are Retiring Soon

question 74

Multiple Choice

Mandy and Michael Tombs are retiring soon.Their projected month Social Security benefits are $800 and $1,800,respectively.Assuming they are married and they select the best benefit alternative for them,how much will they receive monthly?

• A) $ 800
• B) $1,200
• C) $1,800
• D) $2,600
• E) $2,700

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Definitions:

Capitalists

Individuals or entities that own capital, invest in businesses, and seek to generate profit from their investments.

Profits

The financial gains obtained when the revenues generated from a business activity exceed the expenses, costs, and taxes involved in sustaining the activity.

Control

The power to influence or direct people's behavior or the course of events.

Part-Time Workers

Employees who work fewer hours than a full-time schedule, typically by choice or due to the nature of the job, often resulting in reduced benefits and pay.