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Mr. Jenkins is almost 67 years old and is preparing to retire. Over his life he earned an average of $3,750 per month after adjusting
Mr. Jenkins is almost 67 years old and is preparing to retire. Over his life he earned an average of $3,750 per month after adjusting for inflation. The formula for calculating monthly Social Security benefits is 90% of the first $680 earned, then 32% of the earnings over $680. What will Mr. Jenkins monthly benefit be?
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