Range of Benefits Alex, a 66 years old worker, is deciding between retirement either this year or the next year. His average monthly benefit is determined to be $1,089.50. Assume that the benefit is the same for this year and the next year. Compute Alex's annual benefit reduction amounts in each of the following scenarios. If Alex retires this year and secures a part-time job earning $18,000, his annual benefit reduction amount is 5 If Alex retires this year, secures the same part-time job, and in addition projects interest and dividend earnings of $7,000 per year, what his annual benefit reduction amount is 5 If Alex retires next year and secures the same part-time job, the annual benefit reduction amount is 5