Exhibit 3. Social Security Benefits: Average Indexed Monthly Earnings (AIME) & Primary Insurance Amount (PIA) Primary In

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Exhibit 3 Social Security Benefits Average Indexed Monthly Earnings Aime Primary Insurance Amount Pia Primary In 1 (49.06 KiB) Viewed 27 times

Exhibit 3. Social Security Benefits: Average Indexed Monthly Earnings (AIME) & Primary Insurance Amount (PIA) Primary Insurance 3,000 $8,479, $2,598 $0.15/$ Amount (55) 2,000 $0.32/5 $0.90/$ $4,980, $2,073 1,000 $826, 5743 0 0 16. 1,200 2,400 3,600 4,800 6,000 7,200 8,400 Avg Indexed Monthly Earnings (SS) Refer to Exhibit 3. Consider someone who is single and age 67, eligible for full benefits, with an AIME of $7,000. What is the monthly benefit? a $3.564 b. $2,376 c. $5,283 d. $2.598 3 17. Refer to Exhibit 3. Consider someone age 67 whose has a spouse with a limited work history. This person is cligible for full benefits and has an AIME of $7,000. What is this person's monthly benefit? a $3.564 b. $2.376 c. $5.283 d. $2,598 18. Which of the following provides insurance against earnings loss due to retirement? a. disability insurance b. Social Security c. workers' compensation d. Medicare