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Mark is a 30-year-old professional who earns $50,000 per year and will retire at the...

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Accounting

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Mark is a 30-year-old professional who earns $50,000 per year and will retire at the normal Social Security retirement age for his birth date (67). Use Table 10.4 to estimate Mark's first-year Social Security benefit in future dollars. Table 10.4 Annual Social Security Retirement Benifit Estimates, 2019 Age in 2019 2019 Income 25 30 35 40 45 50 55 $40,000 $87.948 $72,804 $60.156 $49,392 $40,140 $32.316 $25,664 $50,000 $102.252 $84.648 $79.668 $57,348 $46,548 $37.392 $29,592 $60,000 $1,16,544 $96.480 $79.668 $65,316 $52.956 $42.480 $33,552 $70,000 $1,30,836 $1,08,312 $89,424 $73,284 $59.364 $47,568 $37.500 $80,000 $1,38,816 $1,14,960 $95.112 $78,408 $64.212 $52,260 $41.460 $90,000 $1.45,512 $1,20,504 $99.672 $82.140 $67,212 $54,636 $43,896 $1,00,000 $1.52 208 $1,26,048 $1,04,256 $85,872 $70,224 $57,024 $45.756

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