Barry, age 68, started taking his Social Security benefits at his FRA of 66. He is currently receiving Social Security benefits of $30,000 per year. Based upon the earnings limitation rules and assuming Barry had the below income for 2023, how much of his Social Security benefits would the Social Security Administration withhold? Consulting income (Schedule C): $35,000; Deferred compensation: $20,000; Pension: $10,000 O $0 O $18,980 O $8,980 O $17,960

Barry, age 68 , started taking his Social Security benefits at his FRA of 66 . He is currently receiving Social Security benefits of $30,000 per year. Based upon the earnings limitation rules and assuming Barry had the below income for 2023, how much of his Social Security benefits would the Social Security Administration withhold? Consulting income (Schedule C): $35,000; Deferred compensation: $20,000; Pension: $10,000 $0 $18,980 $8,980 $17,960