Question

Rob Retiree gets a Social Security benefit of $800 per month. His wife receives a benefit equal to 50 percent of Rob's benefit. If they take an additional $300 per month from savings, what will their monthly income be?

A. 1,100

B.1,500

C. 1,600

D. 1,900

Answer 1

The answer is B. $800/ .5%= $400+$800+$300= $1500

Answer 2

B. $1,500.

Explanation:

We have been given that Rob Retiree gets a Social Security benefit of $800 per month. His wife receives a benefit equal to 50 percent of Rob's benefit.

Let us find out amount of benefit received by Rob's wife by finding 50% of $800.

`\text{Benefit received by Rob's wife}=(50)/(100)*\$800`

`\text{Benefit received by Rob's wife}=0.50* \$800`

`\text{Benefit received by Rob's wife}=\$400`

As they take an additional $300 per month from savings, so to find their monthly income we will add Rob and his wife's benefits to monthly savings.

`\text{Total monthly income}=\$800+\$400+\$300`

`\text{Total monthly income}=\$1500`

Therefore, their total monthly income is $1500 and option B is the correct choice.