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3. Consult Table 1 in the article. For a $120,000 level of income, what is the difference between what a worker would earn from the S&P 500 (column 3) and Social from is the differste. For Security (column 5)? Show all work used to arrive at your answer. Instructions for Google Calculator are below. E-mail me if you get stuck anywhere. 1 Income $20,000 $30,000 $40,000 $50,000 $60,000 $80,000 Table 1: The Opportunity Cost of Social Security 2 FICA 6.2%* S&P 500 (8.14%)* Cash (-3%)* Social Security (-4%)* $1,240 $333,305.99 $29,110.56 $24,943.65 $1,860 $499,958.99 $43,665.84 $37,415.47 $2,480 $666,611.99 $58,221.12 $49,887.30 $3,100 $833,264.98 $72,776.40 $62,359.12 $3,720 $999,917.98 $87,331.68 $74,830.95 $4,960 $1,333,223.97 $116,442.24 $99,774.60 $100,000 $6.200 $1,666.529.97 $145,552.79 $120,000 $7,440 $1,999,835.96 $174,663.35 $150,000 $9,300 $2,499,794.95 $218,329.19 $200,000 $12,400 $3,333,059.93 $291,105.59 *All rates of return are average, annual, inflation-adjusted rates. $124.718.25 $149,661.90 $187,077.37 $249,436.49 3. Consult Table 1 in the article. For a $120,000 level of income, what is the difference between what a worker would earn from the S&P 500 (column 3) and Social from is the differste. For Security (column 5)? Show all work used to arrive at your answer. Instructions for Google Calculator are below. E-mail me if you get stuck anywhere. 1 Income $20,000 $30,000 $40,000 $50,000 $60,000 $80,000 Table 1: The Opportunity Cost of Social Security 2 FICA 6.2%* S&P 500 (8.14%)* Cash (-3%)* Social Security (-4%)* $1,240 $333,305.99 $29,110.56 $24,943.65 $1,860 $499,958.99 $43,665.84 $37,415.47 $2,480 $666,611.99 $58,221.12 $49,887.30 $3,100 $833,264.98 $72,776.40 $62,359.12 $3,720 $999,917.98 $87,331.68 $74,830.95 $4,960 $1,333,223.97 $116,442.24 $99,774.60 $100,000 $6.200 $1,666.529.97 $145,552.79 $120,000 $7,440 $1,999,835.96 $174,663.35 $150,000 $9,300 $2,499,794.95 $218,329.19 $200,000 $12,400 $3,333,059.93 $291,105.59 *All rates of return are average, annual, inflation-adjusted rates. $124.718.25 $149,661.90 $187,077.37 $249,436.49