18. Howard Hill retired at age 62 and began receiving a monthly Social Security check of S1,125. Howard's wife is currently age 66 and has worked entirely in their home (a stay-at-home spouse). What amount will Howard's wife receive as a monthly Social Security benefit this year if Howard's full retirement age (FRA) is age 662 a) S 563 b) S 750 c) $1,125 d) $1,500 19. Under current Security benefits is: law, the maximum possible full retirement age (FRA) for earning Social a) 65 b) 66 c) 67 d) 70 diuntedross income 20. Which one of the following amounts will be added to an individual's adjusted gross income (AGI) to calculate Social Security benefits subject to federal income tax? a) Home equity interest expense Workers' compensation as a government benefit c) Self-employment tax d) Municipal bond interest 21. Which one of the following statements is true? Social Security benefits are not adjusted each year for inflation. If an individual with a full retirement age of 67 begins taking benefits at age 62, he or she will be subject to a 30% reduction in actuarial benefits. a) b) c) A worker's Average Indexed Monthly Earnings (AIME) serves as the metric used to d) Disability benefits payable under the Social Security system are not taxable. compute Social Security disability benefits