Assignment 1 - Social Security Cases 1 A worked full-time for a shoe repair shop for 18 years before retirement a If A elects early retirement

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Social Security Cases 1. “A” worked full-time for a shoe repair shop for 18 years before retirement. a) If “A” elects early retirement under his employer's defined-benefit pension plan at age 58, for what Social Security retirement benefits will “A” be eligible? b) If “A” elects to defer his retirement until age 70, could he elect to take Social Security retirement benefits at age 65? 2. “B” was a full-time employee of a barber shop for 22 years until he retired at age 58. In view of “B’s” early retirement, what reduction in his Social Security retirement benefits must “B” accept? 3. “C” retirement this year at age 65 and elected to receive his PIA retirement benefit. “C’s” wife is age 57. Their three children are married and all live some distance from Mr. and Mrs. “C.” What retirement benefit will Mrs. “C” receive, assuming she elects to take retirement benefits based on “C’s” PIA? 4.
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This note was uploaded on 02/24/2010 for the course ACCOUNTING 578844 taught by Professor Mctosh during the Spring '10 term at UCLA.

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Assignment 1 - Social Security Cases 1 A worked full-time for a shoe repair shop for 18 years before retirement a If A elects early retirement

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