Suppose that Social Security measures a quarter of coverage earned as $900. Mario works during the June and July only and earns $9,000 of covered wages. How many quarters of coverage does he receive for that year?
A) 1
B) 4
C) 10
D) Up to 10, depending upon whether or not he is self-employed

Question

Quizplus · Accepted Answer

Mario earned $9,000 of covered wages during June and July, which is equivalent to 10 quarters of coverage ($9,000 ÷ $900 per quarter). Since a person can earn a maximum of four quarters of coverage per year, Mario can receive a maximum of four quarters of coverage for that year, which is the answer choice B. (Note that the fact that he is self-employed does not affect the number of quarters of coverage he can earn.)

Suppose That Social Security Measures a Quarter of Coverage Earned