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A certain social security recipient will receive an annual [#permalink]
28 Nov 2003, 10:28
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A certain social security recipient will receive an annual benefit of $12,000 provided he has annual earnings of $9360 or less but the benefit will be reduced by $1 for every $3 for annual earnings over 9360. What amount of total annual earnings would result in a fifty percent reduction in the recipientтАЩs annual social security benefit ? ( assume social security benefits are not counted as part of annual earnings)