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  2. Social Security Math: How To Determine Your Benefit Amount - AOL

    www.aol.com/social-security-math-determine...

    If you have any questions or are still unsure about your benefits and if you are receiving the correct amount, it is important to call Social Security at 1-800-772-1213 (for the deaf or hard of ...

  3. How Social Security benefits are calculated - AOL

    www.aol.com/finance/social-security-benefits...

    Here are the bend points for calculating a worker’s benefits in 2024. The benefit is the sum of the following elements: 90 percent of the first $1,174 of averaged indexed monthly earnings. 32 ...

  4. How is the maximum Social Security benefit calculated? - AOL

    www.aol.com/finance/most-social-security-2024-4...

    Each year, workers pay taxes on income up to a specific amount, called the wage base limit. In 2024, the limit is $168,600 annually, however, limits increase over time based on wage growth.

  5. Social Security (United States) - Wikipedia

    en.wikipedia.org/wiki/Social_Security_(United...

    Retired Social Security. In the United States, Social Security is the commonly used term for the federal Old-Age, Survivors, and Disability Insurance ( OASDI) program and is administered by the Social Security Administration (SSA). [1] The Social Security Act was passed in 1935, [2] and the existing version of the Act, as amended, [3 ...

  6. Primary Insurance Amount - Wikipedia

    en.wikipedia.org/wiki/Primary_Insurance_Amount

    Primary Insurance Amount. The Primary Insurance Amount ( PIA [1]) is a component of Social Security provision in the United States. Eligibility for receiving Social Security benefits, for all persons born after 1929, requires accumulating a minimum of 40 Social Security credits. Typically this is accomplished by earning income from work on ...

  7. Social Security Wage Base - Wikipedia

    en.wikipedia.org/wiki/Social_Security_Wage_Base

    It is also the maximum amount of covered wages that are taken into account when average earnings are calculated in order to determine a worker's Social Security benefit . In 2020, the Social Security Wage Base was $137,700 and in 2021 was $142,800; the Social Security tax rate was 6.20% paid by the employee and 6.20% paid by the employer. [1 ...

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