Use Exhibit 14.3 to determine the annual Social Security benefit for Bob Lemus, assuming that he is an "average" retiree. Bob is 65 years old and earns $18,300 a year at a part-time job. (Note that Bob is already at "full retirement age", because he was born well before 1960.)

EXHIBIT 14.3 Average Monthly Social Security Benefits Paid in 2015 The Social Security benefits listed here are averages that include a variety of ages at which beneficiaries retired. As time passes, the beneficiary will receive correspondingly higher benefits as the cost of living goes up. However, these average benefits dramatize that you should not rely on such benefits too heavily in your retirement planning. Average Monthly Benefit ype of Beneficiary Retired worker Retired couple Disabled worker Disabled worker with a spouse and child Widow or widower Young widow or widower with two children Source:" Understanding the Benefits," SSA Publication No. 05-10024ICN 454930, http://w w $1,328 $2,176 $1,165 $1,976 $1,274 $2,680 socialsecuritygo pubs/EN-06-10024.pdf#page%031&zoom %03auto,0,576, accessed September 2015