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QUESTION IMAGE

what determines the amount of income a person receives from social secu…

Question

what determines the amount of income a person receives from social security? the age of the person applying the income earned over one’s lifetime the number of jobs a person has had the amount a person has saved for retirement

Explanation:

Brief Explanations

Social Security benefits are calculated based on the average indexed monthly earnings over a person's working lifetime (the highest 35 years of earnings, adjusted for inflation). The age of applying affects when benefits start but not the base amount, the number of jobs doesn't directly determine it (earnings matter), and personal retirement savings are separate from Social Security benefits. So the income earned over one’s lifetime is the key factor.

Answer:

B. The income earned over one’s lifetime