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Score 44 years ago the maximum earings of a worker subject to Social Security tax (SST) was $9,000. The maximum earnings subject to SST now

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Score 44 years ago the maximum earings of a worker subject to Social Security tax (SST) was $9,000. The maximum earnings subject to SST now is $118,500. What compound annual increase has been experienced over this 44-year period of timo? How does it compare with a 3% annual increase in the consumer price index over the same period of time? The compound annual increase in SST over 44 years is %. (Round to two decimal places.) The increase in SST over 44 years is the 3% annual increase in the consumer price index. score score less than score greater than score

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