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A certain Social Security recipient will receive an annual

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A certain Social Security recipient will receive an annual [#permalink] New post 31 May 2007, 08:48
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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.)


(A) $15,360

(B) $17,360

(C) $18,000

(D) $21,360

(E) $27,360
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 [#permalink] New post 31 May 2007, 08:59
Annual benefit $12,000

50% reduction = $6000

$6000 = 6000*$1 (one dollar less for 3$ more)

9360 + 6000*$3 = 27,360$

the answer is (E)

:-D
  [#permalink] 31 May 2007, 08:59
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A certain Social Security recipient will receive an annual

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