1. If an individual who first becomes eligible for old-age insurance benefits or disability insurance benefits in 2016 and with an average indexed monthly earning $6000. How much is his initial monthly primary insurance amount?( in 2016, the first bend point is $856, and the second bend point is $5157)
A) $5400
B) 2273.17
C) $2225.6
D) None of the above
2. Tom was born in year 1944, whose full age is 66. He decides to retire at age 62.5 (i.e. 6 months after the 62nd s birthday ), and his primary insurance Amount (PIA) is $3000 permonth How much is his initial monthly social security retirement benefit for retiring at age 62.5?
A) $2300
B) $2325
C) $2475
D) None of the above is correct
3. Based on tables please answer this question. Jack was born in year 1974. If jack decide to retire at age 71, and his primary insurance amount ( PIA) is $3500 per month how much is this monthly SS retirement benefit for retiring at age 71?
a) $4762
b) $4409
c) $4340
d) $4620
4. Which of the following statement about social security disability insurance is Incorrect?
a) Disability must last under social security is based on “any occupation disability “ definition
b) The disability must last or be expected to last for at least one year or to result in death
c) social security disability insurance pays for both total disability and partial disability
d) The minimum credits needed to qualify for social security disability insurance benefit depends in the age that the individual becomes disabled
5. Worlers’ compensation medical benefits do not have deductible or coinsurance and are unlimited regarding the total benefits amount and the benefit period
A) True
b) false