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

---

Definitions:

Depreciation

The systematic allocation of the depreciated cost of an asset over its useful life.

Real Estate Taxes

Taxes levied on property by the local government, based on the assessed value of the property.

Cleaning Service

A company or service provided by workers who perform cleaning tasks for residential or commercial spaces.

Variable Cost Percentage

The ratio of variable costs to sales, used to assess how costs change in relation to changes in a business's sales volume.