Estimate the average social security benefits

Assignment Help Financial Management

Reference no: EM132036430

Estimate the average Social Security benefits for a retired couple( It states 2176-retired couple)

Assume that one spouse has a part-time job that pays $24,500 a year, and that this person also receives another $39,500 a year from a company pension. Assume, that the earnings limit was $15,720 per year.

Also assume for Social Security benefits the recipients are aged below 67 and will lose $1 in benefits for every $2 they earn above the earnings test amount.

Also assume that they would have to pay taxes of 50% on a combined income between $32,000 and $44,000, of their Social Security benefits.

If their combined income is more than $44,000, up to 85% of their Social Security benefits is subject to income tax. Round your answer to the nearest dollar.

Reference no: EM132036430

Questions Cloud

Research on disregards race-based inequality : Topic is All Lives Matter Disregards Race-Based Inequality - articles of your choice on an ethical matter within your area of study

Percentage of the scores : A psychologist studied self-esteem scores and found the data set to be normally distributed with a mean of 50 and a standard deviation of 6.

Develop the rationale for using a specific sales forecasting : Develop the Rationale for using a specific sales forecasting method like Time Series Forecasting Method, Trial Rate Forecasting.

Tenets of psychology theoretical perspectives : Analyze Ruth's compulsive hoarding behavior according to the tenets of psychology's theoretical perspectives.

Estimate the average social security benefits : Estimate the average Social Security benefits for a retired couple( It states 2176-retired couple).

Behavior of serial killer arthur shawcross : Discuss the neural (brain) structures that were implicated in the behavior of serial killer Arthur Shawcross? Provide the evidence from the film that names

Part of the perpetrator be affected by the technique : In terms of forensic psychology and intimate partner violence, can recidivism on the part of the perpetrator be affected by the technique of the multi modal

Why is it important to listen to the parent : Why is it important to listen to the parent(s) or guardian(s) of our students and consider their viewpoints when looking at an appropriate school

How can you stop the yelling and crying behaviors : How can you stop the yelling and crying behaviors? Would this be reinforcement (positive or negative) or punishment?

User Account

All Pages