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Barbaras husband died without life insurance, leaving two children below age 12. Barbara, age 34, will receive a $1,000 monthly survivors benefit under Social Security,
Barbaras husband died without life insurance, leaving two children below age 12. Barbara, age 34, will receive a $1,000 monthly survivors benefit under Social Security, provided her earned income does not exceed the annual earned income limitation. If Barbara returns to work and earns $10,000 above the earned income limit, how much of her annual $12,000 Social Security benefit, if any, will she lose? (Search Chapter 2)
a. $5,000
b. $10,000
c. $12,000
d. No Social Security benefits will be lost.
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