RSSA Exam Module 1 with all Correct & 100% Verified
Answers |Actual Complete Update |Already Graded A+
The 2022 Annual Earned Income Limit or Maximum Taxable Earnings is: ✔Correct Answer-
$147,000
If Jane works for XYZ Corporation and makes $100,000 in 2022, how much will be withheld for
Social Security from her paycheck for this year? ✔Correct Answer-$6,200
What are two of the most important and commonly discussed automatic determinations or
"annual constants" that the Social Security program determines each year? ✔Correct Answer-
The National Average Wage Index and the Cost of Living Adjustment
Which of the following is a true statement about Social Security benefits? ✔Correct Answer-
The process is a 2-step procedure which first determines the Average Indexed Monthly Earnings
(AIME) and then the Primary Insurance Amount (PIA) which is the Social Security monthly
benefit a retiree will receive if collecting at FRA.
A Quarter of Coverage (QC): ✔Correct Answer-Is the unit used to determine if a worker is
insured under the Social Security program.
Which of the following is not true about the Dual Entitlement provision of Social Security?
✔Correct Answer-Under Dual Entitlement, a person's benefit as a spouse or widow is not
affected by the amount of their own retirement benefit amount.
Which of the following is true about the earnings test? ✔Correct Answer-The Earnings Test
has two different exempt amounts depending on what age you are.
Jane is 64 and collects $1,000 per month of Social Security. She is also working and will earn
$20,000 in 2022. Based on the 2022 exempt amounts of $19,560 and $51,960 how much will be
withheld from Jane's benefit this year? ✔Correct Answer-$220 (The amount withheld is $1 for
every $2 earned over the lower threshold, or $20,000-$19,560 = $440/2 = $220.)
Which of the following statements is not true? ✔Correct Answer-For couples, it is most
important to consider the woman's life expectancy.
Survivor beneficiaries of a deceased worker include all but which of the following individuals?
✔Correct Answer-An adult disabled child who was disabled at age 23.
Which of the following is true about determining if a non-marital legal relationship is recognized
by the Social Security Administration for benefits? ✔Correct Answer-The determination
depends on the laws of the state in which the relationship was established.
, Which of the following is not true about spousal benefits? ✔Correct Answer-By waiting until
age 70 to collect a spousal benefit, a retiree will collect a 32% higher amount of their spouse's
PIA due to delayed retirement credits.
As an employee for a company, what percentage of your earned income (up to the annual limit)
do you pay into Social Security? ✔Correct Answer-6.2%
What are two of the most commonly understood automatic determinations or "annual
constants" that the Social Security program determines each year? ✔Correct Answer-The
National Average Wage Index and the Cost of Living Adjustment
What is true about rule known as the "Widow's Limit?" ✔Correct Answer-The survivor is
entitled to at least 82.5% of the worker's PIA
If the benefit of the deceased was taken early, the survivor may be entitled to a higher benefit
The official title is RIB-LIM
What is the definition of the Primary Insurance Amount (PIA)? ✔Correct Answer-The Social
Security benefit you receive if you claim benefits at the exact month and year of your full
retirement age (FRA)
Full Retirement Age (FRA)... ✔Correct Answer-1. Is age 66 for those born between 1943 and
1954
2. Has increased to age 67 for those who were born in 1960 or later
3. Is something that could/might be raised for future retirees to keep the Social Security
program solvent
If Tom is eligible for a spousal benefit of $1,100 and his own retirement benefit of $1,500 at his
FRA, how much will he receive? ✔Correct Answer-$1,500
The benefits paid from the OASI Trust Fund include ✔Correct Answer-Retired worker and
spouse of retired worker
Children and widows of retired workers
Brett and Beth want to plan their Social Security claiming ages to maximize the survivor benefit
since Brett is the primary wage earner with a PIA of 2500 and is 5 years older than Beth. If Brett
dies at age 77 and Beth lives to age 82, what is the total amount of survivor income that Beth
will receive if Brett starts collecting his retirement benefits at his FRA? ✔Correct Answer-
$300,000
If a retiree with a FRA of 66 collects benefits at age 69, what percentage of their PIA will they
receive? ✔Correct Answer-124%
Answers |Actual Complete Update |Already Graded A+
The 2022 Annual Earned Income Limit or Maximum Taxable Earnings is: ✔Correct Answer-
$147,000
If Jane works for XYZ Corporation and makes $100,000 in 2022, how much will be withheld for
Social Security from her paycheck for this year? ✔Correct Answer-$6,200
What are two of the most important and commonly discussed automatic determinations or
"annual constants" that the Social Security program determines each year? ✔Correct Answer-
The National Average Wage Index and the Cost of Living Adjustment
Which of the following is a true statement about Social Security benefits? ✔Correct Answer-
The process is a 2-step procedure which first determines the Average Indexed Monthly Earnings
(AIME) and then the Primary Insurance Amount (PIA) which is the Social Security monthly
benefit a retiree will receive if collecting at FRA.
A Quarter of Coverage (QC): ✔Correct Answer-Is the unit used to determine if a worker is
insured under the Social Security program.
Which of the following is not true about the Dual Entitlement provision of Social Security?
✔Correct Answer-Under Dual Entitlement, a person's benefit as a spouse or widow is not
affected by the amount of their own retirement benefit amount.
Which of the following is true about the earnings test? ✔Correct Answer-The Earnings Test
has two different exempt amounts depending on what age you are.
Jane is 64 and collects $1,000 per month of Social Security. She is also working and will earn
$20,000 in 2022. Based on the 2022 exempt amounts of $19,560 and $51,960 how much will be
withheld from Jane's benefit this year? ✔Correct Answer-$220 (The amount withheld is $1 for
every $2 earned over the lower threshold, or $20,000-$19,560 = $440/2 = $220.)
Which of the following statements is not true? ✔Correct Answer-For couples, it is most
important to consider the woman's life expectancy.
Survivor beneficiaries of a deceased worker include all but which of the following individuals?
✔Correct Answer-An adult disabled child who was disabled at age 23.
Which of the following is true about determining if a non-marital legal relationship is recognized
by the Social Security Administration for benefits? ✔Correct Answer-The determination
depends on the laws of the state in which the relationship was established.
, Which of the following is not true about spousal benefits? ✔Correct Answer-By waiting until
age 70 to collect a spousal benefit, a retiree will collect a 32% higher amount of their spouse's
PIA due to delayed retirement credits.
As an employee for a company, what percentage of your earned income (up to the annual limit)
do you pay into Social Security? ✔Correct Answer-6.2%
What are two of the most commonly understood automatic determinations or "annual
constants" that the Social Security program determines each year? ✔Correct Answer-The
National Average Wage Index and the Cost of Living Adjustment
What is true about rule known as the "Widow's Limit?" ✔Correct Answer-The survivor is
entitled to at least 82.5% of the worker's PIA
If the benefit of the deceased was taken early, the survivor may be entitled to a higher benefit
The official title is RIB-LIM
What is the definition of the Primary Insurance Amount (PIA)? ✔Correct Answer-The Social
Security benefit you receive if you claim benefits at the exact month and year of your full
retirement age (FRA)
Full Retirement Age (FRA)... ✔Correct Answer-1. Is age 66 for those born between 1943 and
1954
2. Has increased to age 67 for those who were born in 1960 or later
3. Is something that could/might be raised for future retirees to keep the Social Security
program solvent
If Tom is eligible for a spousal benefit of $1,100 and his own retirement benefit of $1,500 at his
FRA, how much will he receive? ✔Correct Answer-$1,500
The benefits paid from the OASI Trust Fund include ✔Correct Answer-Retired worker and
spouse of retired worker
Children and widows of retired workers
Brett and Beth want to plan their Social Security claiming ages to maximize the survivor benefit
since Brett is the primary wage earner with a PIA of 2500 and is 5 years older than Beth. If Brett
dies at age 77 and Beth lives to age 82, what is the total amount of survivor income that Beth
will receive if Brett starts collecting his retirement benefits at his FRA? ✔Correct Answer-
$300,000
If a retiree with a FRA of 66 collects benefits at age 69, what percentage of their PIA will they
receive? ✔Correct Answer-124%
