Table 1 = Schedule for Maximum Taxable Income 1984 - 2018 Year A = Max Income B = Actual Earnings C = Index Factor D = Indexed Earnings 1984 $37,800 $37,800 3.12 1985 $39,600 $39,600 2.99 $117,936.00 $118,404.00 $122,220.00 1986 $42,000 $42,000 2.91 1987 $43,800 $43,800 2.73 $119,574.00 1988 $45,000 $45,000 2.60 1989 $48,000 $48,000 2.50 $117,000.00 $120,000.00 $122,607.00 $123,354.00 1990 $51,300 $51,300 2.39 1991 $53,400 $53,400 2.31 1992 $55,500 2.19 $55,500 $57,600 1993 $57,600 2.18 1994 $60,600 $60,600 2.12 1995 $61,200 $61,200 2.04 1996 $62,700 $62,700 1.94 1997 $65,400 $65,400 1.83 $68,400 $68,400 1.74 1998 1999 $72,600 $72,600 1.65 $121,545.00 $125,568.00 $128,472.00 $124,848.00 $121,638.00 $119,682.00 $119,016.00 $119,790.00 $118,872.00 $123,012.00 $128,199.00 $128,760.00 $123,939.00 $122,400.00 $122,460.00 2000 $76,200 $76,200 1.56 2001 $80,400 $80,400 1.53 2002 $84,900 $84,900 1.51 2003 $87,000 $87,000 1.48 2004 $87,900 1.41 2005 $87,900 $90,000 $94,200 $90,000 1.36 2006 $94,200 1.30 1.25 $97.500 S102.000 1.72 2007 2008 2009 2010 2011 597 500 STO2000 S106,00 S106,00 S106 00 S106,800 510600 S106,00 ST10, 100 SH10,100 $113,700 $121,875.00 $124.440.00 $132.432.00 $129.228.00 5124,956.00 $125,514.00 $127,344.00 $126,360.00 $124,425.00 $122,055.00 $127,200.00 $128,400.00 $4,323,525.00 S113,700 1.24 1.21 1.17 1.14 1.12 1.00 1.05 1.03 1.00 1.00 2012 2013 2014 2015 2016 2017 2018 S117.000 SI18,500 S117,000 $118,500 $118,500 $127,200 $128,400 SIIR500 SI 27.200 SI28.400 352 ,818 800 $2,818,800 Step Instructions on How to Calculate the Monthly Social Security Benefit Action Calculation Step 1 Fill in Yearly Eamines in Column Table 1 This Has Been Done The Farnings in Column B Represent Maximum Taxable income Step 2 Multiply the Eamings in Column B by Index Factor in Column C This Has Been Done. This Step Adjust the Earnings for Inflation Step 3 Add the Indexed Earnings in Column D Table 1 Step 4 Divide the Total from Step 3 by 420 (420 Number of Months in 35 Years) $4, 323, 525.00 $4,303,525.00/420= $ 10,294.15 Step 5 Multiply the First $926 from Step 4 by 0.90 Step 6 Determine the Amount Greater Than $926 and Less Than or Equal to $5583 Summ 1744709294