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AIME (Average Indexed Monthly Earnings) - A workers highest 35 years of earnings adjusted for inflation and averaged on a monthly basis. AIME is used

  1. AIME (Average Indexed Monthly Earnings) - A workers highest 35 years of earnings adjusted for inflation and averaged on a monthly basis. AIME is used as the basis for the PIA calculation.

    True

    False

2. FICA (Federal Insurance Contributions Act) - A law allowing Social Security taxes, including Medicare taxes, to be deducted from employees paychecks

True

False

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