Next year, when Robert returns from traveling and begins his consulting career, he expects to have a taxable earned income of $100,000 per year. Which of the following is NOT correct regarding the impact of his consulting activities on Social Security benefits and the taxation of Social Security benefits received?

Next year, when Robert returns from traveling and begins his consulting career, he expects to have a taxable earned income of $100,000 per year. Which of the following is NOT correct regarding the impact of his consulting activities on Social Security benefits and the taxation of Social Security benefits received? His Social Security benefits will be reduced by $1 for every $2 above the annual limit He will not lose any Social Security retirement benefits, because there is no earnings test for people who have reached Social Security full retirement age. Because of his taxable income from the consulting activities, he will need to include 85% of his Social Security benefits in gross income. He will need to include 85% of his Social Security benefits in gross income