Which of the following statements about a worker’s primary insurance amount is (are) true?
I. It is the monthly amount paid to a worker who elects early retirement at age 62.
II. It is equal to 50 percent of the worker’s final average pay that was subject to Social Security taxes.
A) I only
B) II only
C) both I and II
D) neither I nor II
ANSWER
Answer: D
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