What is the maximum paid in social security benefits?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

Maximum Social Security Benefit 2007Social Security incomeSocial Security is based on a sliding scale depending on your income, how long you work and at what age you retire. Social Security benefits can automatically increase each year based on increases in the Consumer Price Index. Including a spouse increases your Social Security benefits by 1.5 times your individual estimated benefit. Please note that this calculator assumes that you have only one working spouse. Benefits could be different if your spouse worked and earned a benefit higher than one half of your benefit. If you are a married couple, and both spouses work, you may need to run the calculation twice - once for each spouse and their respective income. This calculator provides only an estimate of your benefits.
The calculations use the 2007 FICA income limit of $97,500 with an annual maximum Social Security benefit of $25,392 per year for a single person and 1.5 times this amount for a married couple. To receive the maximum benefit would require earning the maximum FICA salary for nearly your entire career. You would also need to begin receiving benefits at your full retirement age of 66 or 67 (depending on your birthdate). Your actual benefit may be lower or higher depending on your work history and the complete compensation rules used by Social Security.
14 people found this useful

What is the maximum Social Security disability benefit?

Typically, a disabled worker may expect to receive $1,067 in disability payments every month. However, if the claimant has a spouse and a child, the average monthly social sec

What is the maximum Social Security benefit for a married couple?

Social Security retirement benefits are calculated for each individual, based on his or her own earnings, assuming both parties worked and accumulated the minimum 40 credits e

What is the maximum Social Security benefit at age 62?

The exact amount of your benefit is calculated based on the average of your 35 highest-earning years, which varies by individual. At age 62, you would receive 75% of the amoun

What is the maximum Social Security benefit in 2010?

In 2010, the maximum individual benefit is $2,346 . This assumes the person retires at the full retirement age of 66, and has made the maximum FICA contribution every year si

When are Social Security benefits paid?

If you're talking about retirement benefits, you should receive your first check or deposit in the month following your first month of eligibility; benefits are always paid
In Retirement Planning

What is the maximum amount of income you can have and receive social security benefits?

After "full retirement" age (currently 66 for people reaching retirement this year) there is no limit. I am 67 and still earning in the six figure range and get full social se
In Law & Legal Issues

Do immigrants who have not paid into social security receive benefits?

They pay into the system but will never get credit. Many pay intothe ITIN system set by the federal government to collect tax onwages undocumented workers claim. And the gover