1. We know the Social Security Primary Insurance Amount (PIA) is determined using a formula based on an individuals Average Indexed Monthly Earnings (AIME). The AIME is indexed for inflation and averaged out over 35 years of earnings (420 months). Let's suppose John currently has an AIME of $7000. Based on this amount, what is his PIA for 2020? 90% 32% 15% 2. If John had an opportunity to work 3 more years, with a significant increase in income ($9500 per month), how much would his PIA change (assume o inflation)? 3. If the PIA calculated in answer 2 is at John's Full Retirement Age (67), approximately how much would his actual Social Security payment be if he delays receiving them until his age 70