The Social Security Administration has a computerized service that determines your benefits because Social Security benefits are based on a fairy complicated formula. In fact, the government is required to provide all covered workers with a Social Security statement. Iodently the range of benelits you can expect. - If you retire at age 62 , benefits of - If you retire at age 65 to 67 , receipt of - If you delay retirement until age 70 , you can receive 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. Comoute Carlos's annual benefit reduction amounts in evch of the following scenarios. - If Carlos retires this year and secures a part-time Job earnino $19,000, his annual benefit reduction amount is - If Carlos retires this year, secures the same part-time fob, and in addition projects interest and dividend earnings of $7,000 per year, what his annual benefit reduction amount is - If Carios retires next year and secures the same part-time Job, the annual benefit reduction amount is Monthly Benefits The Social Security Administration has a computerized service that determines your benefits because Social Security benefits are based on a fairly complicated formula. In fact, the government is required to provide all covered workers with a Social Security Statement. Identify the range of benefits you can expect. - If you retire at age 62 , benefits of - If you retire at age 65 to 67 , receipt of - If you delay retirement until age 70 , yo Range of Benefits Carlos, a 66 years old worker, is deciding $1,635.40. Assume that the benefit is the Compute Carios's annual benefit reduction amounts in each of the following scenarios. - If Carlos retires this year and secures a part-time job earning $19,000, his annual benefit reduction amount is - If Carlos 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 ansount is - If Carios retires next year and secares the same part-time -job, the annual bencfit reduction amount is Monthly Benefits The Social Security Administration has a computerized service that determines your benefits because Social Security benefits are based on a fairly complicated formula. In fact, the government is required to provide all covered workers with a Social Security Statement. Identufy the range of benefits you can expect. - If you retire at age 62 , bentits of Wo of your. - If you rotire at age 65 to 67 , receipt of - If you delay retirement until age 70 , you can receive in your benefits. Range of Benefits Carlos, a 66 years old worker, Is deciding between retir 55 year of the next year. His average monthly benefit is defermined to be $1,635,40. Assume that the benefit is the same for this year and the next year. Compute Carlos's annual benent reduction amounts in each of the following scenarios. - If Carios retires this year and secures a part-time fob earning $19,000, his annual benefit reduction amiount is - If Carlos retires this year, secures the same part time fob, and in addition projects interest and dividend earnings of 57,000 per year, what his annual benefit reduction amount is: - If Carios retires next year and secures the same part-time job, the annual benefit reduction amount is 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 scenarios. - If Carlos retires this year and secures a part-time job earning $19,000, his annual benefit reduction amount is - If Carlos 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 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 Sodal Security benefits taxed