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Kenji, a 66 years old worker, is deciding between retirement enther this year or the next year, His average monthly benefit is determined to be

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Kenji, a 66 years old worker, is deciding between retirement enther this year or the next year, His average monthly benefit is determined to be \$1,089.50. Assume that the benefit is the same for this year and the next year. Compute Keryis annual benefit reduction amounts in each of the following scenarios, - If Kenji retires this year and secures a part-time job earning 518,000 , his annual benefit reduction amount is - If Kenji retires thia yeac, secures the same part-time job, and in addition projects interest and dividend earnings of s7,000 per year what his annual benefit reduction amount is - If Kengi retires next year and secures the same part-time job, the annual benefit reduction amount is Taxes on Benefits Sacial Security is paid in with after-tax dollars but may be subject to tax if annual income ticeeds a base amcurt. A single taxpayer's base is 525.000. Married taxpayers filing jointly have a base of 532,000 . Married taxpayers filing separately have a base of zero. Suppose Paclo is retiring this year at age 67 . The following table ahowa his data. Based on the income caiculated, Psolo whil have es of hig Socishstuuriby bensfits taiced

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