SOLUTION: The annual Social Security benefit of a retiree depends on the age at the time of retirement. At age 64 it is $8,000 and at age 67 it is $10,000.
What is the annual benefit f
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Question 1005278: The annual Social Security benefit of a retiree depends on the age at the time of retirement. At age 64 it is $8,000 and at age 67 it is $10,000.
What is the annual benefit for a person who retires at age 66?
Answer by fractalier(6550) (Show Source): You can put this solution on YOUR website!
If benefits are linear, then 2/3 the age from 64 to 67 would be 2/3 the difference from $8000 to $10000, or
(2/3)($2000) = $1333.33
Add that to $8000 and get
$9333.33
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