answersLogoWhite

0


Best Answer

is there a limit as to how much money a person on social security can accumulate

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the amount of money a person receives in social security based on?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Can a person who receives Social Security be a cosigner?

yes


Can a person be sued by debt collector if only receives social security benefits?

Yes.


Can a person who receives Social Security be a cosigner for a car loan?

IF the lender approves, YES.


If a person receives Social Security Disability 680.00 per month can they work 20 hours a week 160.00 and still collect Social Security Disability?

Yes, but you must let social security know about the income. Your benefit amount may be reduced some to offset part of the income.


Is social security a regressive or proportional tax?

Social Security Taxes are a Proportional Tax. A Percentage of a person's income is paid to Social Security, this is half of the total amount paid to them, the Other half of a person's Social Security Tax is paid by the Employer.


if a person is on social security and wins lots of money is their social security cut off?

No, winning money would not automatically lead to the cutoff of Social Security benefits. However, there are income and asset limits that may affect the Social Security benefits a person receives. If the winnings, plus any other income or assets, exceed these limits, it could result in a reduction or loss of Social Security benefits. It is advised to consult with the Social Security Administration for specific details.


Can your husband use some of your social security points to get his disability?

Absolutely not! Social Security Benefit amounts are determined by how much was earned for each person. The amount shows up under your social security number only. He has his own social security number along with his own earnings.


Can a working woman who receives social security survivor's insurance also collect her own social security benefits upon retirement?

Yes she can.


What is the dollar amount one can make while getting early retirement monies?

Is there an amount a person can earn before it affects their social security


If you have a pension plus Social Security what is the tax rate of the Social Security?

That depends on the amount of income aside from Social Security. Up to 85% of your Social Security benefits are potentially taxable.


Stop paying social security tax when you make?

When you have one employer the amount of FICA ((OASDI) Old Age Survivor and Disability Insurance) for your social security would stop once your wages with the withheld social security amount reach 106800 and social security amount withheld would be 6621.60


What is a social security tax of a singer?

The tax is based on the amount of money earned so it depends on what the person earns.