Use the Following Formula to Answer the Indicated Question: Benefit

Multiple Choice

Use the following formula to answer the indicated question: Benefit amount = Maximum award - 0.4 (Wages in excess of ceiling) Rafael is retired and earns $15,000 per year working part-time.He is entitled to a maximum Social Security retirement benefit of $14,000.Social Security regulations allow him to earn $10,000 and still get maximum benefits.Rafael's total income,including Social Security benefits,is

A) $27,000.
B) $15,000.
C) $25,000.
D) $29,000.