Rory is 64 years old and despite being retired from his occupation as an attorney, earned $27,500 in 2023 while working as a golf instructor at a local golf course. Rory's monthly retirement benefit from Social Security is normally $1,700, which totals $20,400 for the entire year. Because Rory exceeded the retirement earnings limitation, how much money will be reduced from Rory's Social Security retirement - benefit for 2023? O 1) $2,020 2) $3,130 3) $4,270 4) $6,260

Rory is 64 years old and despite being retired from his occupation as an attorney, earned $27,500 in 2023 while working as a golf instructor at a local golf course. Rory's monthly retirement benefit from Social Security is normally $1,700, which totals $20,400 for the entire year. Because Rory exceeded the retirement earnings limitation, how much money will be reduced from Rory's Social Security retirement benefit for 2023 ? 1) $2,020 2) $3,130 3) $4,270 4) $6,260