Note: Please make sure to properly format your answers. All dollar figures in the answers need to include the dollar sign and any amount over 1,000 should include the comma ($2,354.67). All
percentage values in the answers need to include a percentage sign (%). For all items without specific rounding instructions, round your answers to two decimal places, show both decimal places (5.06).
Rachael turned age 62 in 2019.
a. Compute her Social Security full retirement benefit if her average monthly salary over her 35 highest-paying years was $3,100. Round to the nearest cent.
b.
If she starts collecting her benefit at age 66, what will her benefit be? Round to the nearest ten dollars.