A)240 B)250

question 39

Multiple Choice

• A)240
• B)250
• C)220
• D)200
• E)150

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Definitions:

Social Security Retirement Benefit

A government payment program that provides financial assistance to people who are retired from work.

Monthly Benefit

A regular payment received each month, such as from a pension or Social Security, designed to cover living expenses.

COLA

Cost-of-Living Adjustment; an increase in income or benefits designed to offset inflation and maintain purchasing power.

Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, used to estimate inflation.