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QUESTION
1.How does a worker become fully insured under Social Security? What benefits are fully insured workers entitled to? 2. Explain the concept of
1. How does a worker become fully insured under Social Security? What benefits are fully insured workers entitled to?
2. Explain the concept of arriving at AIME. How do you compute the PIA?
3. How does the earnings test affect Social Security benefits?
4. Social Security benefits are financed largely through payroll taxes. The more you earn (up to the maximum earnings base), the more tax you pay. Income benefits, however, favor lower-income workers. Explain why lower-income people are favored.
