Social Security benefits are based on the ________, which is the top 35 years of earnings (up to the taxable maximum for each year) , adjusted for wage inflation to current-year dollars.
A) average indexed monthly earnings (AIME)
B) primary insurance amount (PIA)
C) three-legged stool of retirement method
D) same formula used by DB plans
Correct Answer:
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A) pay-as-you-go
B)
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