Find all School-related info fast with the new School-Specific MBA Forum

 It is currently 27 Mar 2015, 18:25

### GMAT Club Daily Prep

#### Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

# A certain Social Security recipient will receive an annual

 Question banks Downloads My Bookmarks Reviews Important topics
Author Message
TAGS:
Eternal Intern
Joined: 07 Jun 2003
Posts: 473
Location: Lone Star State
Followers: 1

Kudos [?]: 39 [0], given: 0

A certain Social Security recipient will receive an annual [#permalink]  22 Jul 2003, 17:44
. A certain Social Security recipient will receive an annual benefit of \$12,000 provided he has annual earnings of \$9,360 or less, but the benefit will be reduced by \$1 for every \$3 of annual earnings over \$9,360. What amount of total annual earnings would result in a 50 percent reduction in the recipient's annual Social Security benefit? (Assume Social Security benefits are not counted as part of annual earnings.)
Director
Joined: 03 Jul 2003
Posts: 656
Followers: 2

Kudos [?]: 21 [0], given: 0

[#permalink]  22 Jul 2003, 17:58
Annual earning = 9360 + 3*6000 = 27360
Eternal Intern
Joined: 07 Jun 2003
Posts: 473
Location: Lone Star State
Followers: 1

Kudos [?]: 39 [0], given: 0

[#permalink]  22 Jul 2003, 19:23
Yeah, but show how you got 50 percent!

Victor
Manager
Joined: 25 Jun 2003
Posts: 95
Followers: 1

Kudos [?]: 0 [0], given: 0

[#permalink]  23 Jul 2003, 04:53
If X is the total income which yields only 50% of annual SS benifit ( which equals to 6000), we have

(X-9360) / 3 = 6000 ( For every 3 dollars in excess of 9360, reduction in benifit = 1 )

Or, X = 9360 + 3 * 6000 = 27630
_________________

Brainless

[#permalink] 23 Jul 2003, 04:53
Similar topics Replies Last post
Similar
Topics:
Social researchers have calculated that the annual cost to U 3 26 Aug 2013, 05:34
Help with 'Amount of Last Annual Bonus Received' 1 18 Jun 2011, 06:01
A certain Social Security recipient will receive an annual b 4 17 Mar 2011, 13:10
A certain Social Security recipient will receive an annual 1 31 May 2007, 08:48
The suggested changes in the social security plan would 3 03 Dec 2005, 03:56
Display posts from previous: Sort by

# A certain Social Security recipient will receive an annual

 Question banks Downloads My Bookmarks Reviews Important topics

 Powered by phpBB © phpBB Group and phpBB SEO Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.