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What is the social security monthly benefit at full retirement age given the following information? Sum of highest 35 years of earnings is $2,730,000 as
What is the social security monthly benefit at full retirement age given the following information? Sum of highest 35 years of earnings is $2,730,000 as of 62 years old in 2022.
A. $2,792
B. $4,931
C. $2,569
D. $2,618
Please answer and explain.
Additional info
2022 Bend Points:
<=$1,024 use 90% weight
>=$1,025 and <=$6,172 use 32% weight
>$6,173 use 15% weight
2022 max monthly SS benefit is $4,194 (Age 70)
2022 max monthly SS benefit is $3,345 (Full Retirement Age)
2022 max monthly SS benefit is $2,364 (Age 62)
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