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What is her annual retirement income shortfall

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Question - Dorothy has calculated that she needs $60000 her first year of retirement to maintain her standard of living. She expects to receive $1000 per month from her employer defined-benefit pension and $1500 per month from Social Security. What is her annual retirement income shortfall?

A) $42000

B) $30000

C) $60000

D) $15000

Reference no: EM133154681

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