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Brian, a 66 yearis old worker, is deciding between retirement either this vear or the next year. His average monthly benefit is determined to be

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Brian, a 66 yearis old worker, is deciding between retirement either this vear or the next year. His average monthly benefit is determined to be $2,323.25. Assume that the benefit is the same for this year and the next yeat. Compute Arian's annual benefit reduction amounts in each of the following scenanos. - If Brian retires this year and secures a part-time job earning $17,000, his annual benefit reduction amount is - If Erian retires this year, secures the same part-time job, and in addion projects interest and dividend earnings of $7,000 per year, what his annual benefit reduction amount is - If Erian retires next year and secures the same part-time job, the annual benefic reduction amount is Taxes on Benefits Social Secarity is paid in with after-tax doliars but may be subject to tax if amual income exceeds a bane amount. A single taxpayer's base is $25,000. Married taxpavers filing jointly have a base of \$32,000. Marned taxpayers filing separatefy have a base of zero. Suppose Edison is retiring this vear at age 67 . The following table showi his data. Elased on the income calculated, Edison will have \% of his socal security benefits taxed

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