Range of Benefits Raphael, a 66 years old worker, is deciding between retirement either this year or the next year. His average monthly benefit is determined to be $1,089.50. Assume that the benefit is the same for this year and the next year. Compute Raphael's annual benefit reduction amounts in each of the following scenarios. If Raphael retires this year and secures a part-time job earning $18,000, his annual benefit reduction amount is If Raphael retires this year, secures the same part-time job, and in addition projects interest and dividend earnings of $7,000 per year, what his annual benefit reduction amount is $ If Raphael retires next year and secures the same part-time job, the annual benefit reduction amount is $ I. 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 Alex is retiring this year at age 67. The following table shows his data. Part-time salary $31,500 Annual dividends Annual savings account interest $2,500 Annual interest on Denver municipal bonds $275 $1,350

Raphael, a 66 years old worker, is deciding between retirement either this year or the next year. His average monthly benefit is determined to be $1,089,50, Assume that the benefit is the same for this year and the next year. Compute Raphael's annual benefit reduction amounts in each of the following scenarios. - If Raphael retires this year and secures a part-time fob earning $18,000, his annual benefit reduction amount is - If Raphael retires this year, secures the same part-time job, and in addition projects interest and dividend earnings of $7,000 per year, what his annual benefit reduction amount is - If Raphael 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 Alex is retiring this year at age 67 . The following table shows his data. Raphael, a 66 years old worker, is deciding between retirement either this year or the next year. His average monthly benefit is determined to be $1,089,50, Assume that the benefit is the same for this year and the next year. Compute Raphael's annual benefit reduction amounts in each of the following scenarios. - If Raphael retires this year and secures a part-time job earning $18,000, his annual benefit reduction amount is - If Raphael retires this year, secures the same part-time job, and in addition projects interest and dividend earnings of $7,000 per year, what his annual benefit reduction amount is - If Raphael 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 Alex is retiring this year at age 67 . The following table shows his data