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Range of Benefits Carlos, a 66 years old worker, is deciding between retirement either this year or the next year, His average monthly benefit is

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Range of Benefits Carlos, a 66 years old worker, is deciding between retirement either this year or the next year, His average monthly benefit is determined to be $1,635.40, Assume that the benefit is the same for this year and the next year. Compute Carlos's annual benefit reduction amounts in each of the following scenairios. - If Carlos retires this year and secures a part-time job eaming $19,000, his annual benefit reduction amount is - If Carlos retires the year, secures the same part-time job, and in addition projects interest and dividend eamings of $7,000 per year, what his annual benefit reduction amount is - If Carlos retires next year and secures the same part-time job, the annual benefit reduction amount is Taxes on Benefits Social Security is paid in with after-tax dollars but may be subject to tax if annual income exceeds a base amount. A single taxpayer's base is $25,000. Married taxpayers filing jointly have a base of $32,000. Married taxpayers filing separately have a base of zero. Suppose Felix is retiring this year at age 67. The following table shows his data. Based on the income calculated, Felix will have % of his Social Security benefits taxed

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