Question
Assume Mary Caldwell will obtain full retirement age at 66. She asked that you help her determine the present value of her social security benefit
Assume Mary Caldwell will obtain full retirement age at 66. She asked that you help her determine the present value of her social security benefit if she were to retire at 66 but discount the amount to age 62. Monthly benefit of 1,000 3% rate of inflation Life expectancy of 95 Hint the answer is a negative value.
Mary and Thomas were married in the spring of 1990 at the Lyon Estate. In 2022, they received 22,000 of Social Security benefits and collected 12,000 in interest income. How much of their Social Security benefit is subject to taxation?
Mary collected 36,000 in dividend income in 2022. She also received 24,000 in social security benefits during the year. How much of her Social Security benefit is subject to taxation?
In 2022, Phyllis and Ronald celebrated their 35th wedding anniversary. During the year, they received 15,000 in interest income and 15,000 in social security benefits. How much of their Social Security benefit is subject to taxation?
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