study deck HS354

Question 1

medicare tax is 1.45% on all wages what is additional threshold tax

Answer 1

.9 percent
if single income over $200,000
if married filing jointly over $250,000
ie single makes $225, 000 income 
tax is 1.45% x $225,000 plus .9% x $25,000

Question 2

social security is only source of income for

Answer 2

1 in 5 retirees

Question 3

social security is 90% of income for

Answer 3

1 in 3 retirees

Question 4

social security is more than 50% of income for

Answer 4

2 in 3 retirees

Question 5

AIME is

Answer 5

average indexed monthly earni