Posted: April 9th, 2022

Lesson 3: Social Insurance Programs

ACTIVITY three
MR638 Worker Advantages

Lesson three: Social Insurance Programs

Exercise three: Social Safety

This exercise asks you to go browsing to the Social Safety Website to entry a pattern of a Social Safety Assertion. The Net hyperlink is https://www.ssa.gov/myaccount/property/supplies/SSA-7005-SM-SI%20Wanda%20Employee%20Close to%20retirement.pdf. You might be then to reply to the entire following questions referring to the assertion offered for Wanda Employee. Your Exercise responses needs to be each grammatically and mechanically appropriate, and formatted in the identical vogue because the Exercise itself. If there’s a Half A, your response ought to determine a Half A, and many others. As well as, you will need to appropriately cite all sources utilized in your response and doc in a bibliography utilizing APA model. (A Four-page response is required.)
Half A Reply the next 5 (5) questions.
1. What number of credit does Wanda must qualify for full SS advantages? How a lot does she must earn in 2004 to obtain the complete 4 credit for the yr? (5 factors)
2. What’s her profit at 62? What’s the significance of age 62? (5 factors)
three. What’s her full profit at age her regular retirement age? Why is her regular retirement age 67 as a substitute of 65? (5 factors)
Four. What’s her profit at age 70? What’s the significance of age 70? (5 factors)
5. Aside from retirement, what extra advantages would possibly Wanda be eligible for? (5 factors)

Half B Reply the next two (2) questions.
1. Wanda checks her “Your Earnings Report at a Look” and sees that for 2001, the assertion displays $34,237. When Wanda checks her W-2 for that yr, she sees that she had earnings of $42,500. What ought to Wanda do to appropriate her Social Safety assertion? (10 factors)
2. What would she do if there have been no earnings reported for a given yr through which she has a W-2 to help her earnings?

Half C Reply the next two (2) questions.
1. Wanda has simply accomplished a graduate course on worker advantages. After finding out the plight of the Social Safety system, she is worried that the system might be bankrupt earlier than she reaches her regular retirement age of 67. What can Wanda do to insure that she’s going to manage to pay for to retire on?
2. Clarify a minimal of three (three) ways in which the Social Safety system may very well be reformed to stop its monetary collapse.

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MR638 Worker Advantages ACTIVITY three

Social Insurance Programs (Lesson three)

Social Safety is the third exercise.

This exercise requires you to entry an instance of a Social Safety Assertion by logging on to the Social Safety Website. The Net hyperlink is https://www.ssa.gov/myaccount/property/supplies/SSA-7005-SM-SI%20Wanda%20Employee%20Close to%20retirement.pdf. You might be then to reply to the entire following questions referring to the assertion offered for Wanda Employee. Your Exercise responses needs to be each grammatically and mechanically appropriate, and formatted in the identical vogue because the Exercise itself. If there’s a Half A, your response ought to determine a Half A, and many others. As well as, you will need to appropriately cite all sources utilized in your response and doc in a bibliography utilizing APA model. (A Four-page response is required.)

Half A

Reply the next 5

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