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How many credits does Wanda need to qualify for full SS benefits? How much does she need to earn in 2004 to receive the full four credits for the year?

How many credits does Wanda need to qualify for full SS benefits? How much does she need to earn in 2004 to receive the full four credits for the year?

ACTIVITY 3

MR638 Employee Benefits

 

Lesson 3: Social Insurance Programs

 

Activity 3: Social Security

 

This activity asks you to log on to the Social Security Web site to access a sample of a Social Security Statement. The Web link is https://www.ssa.gov/myaccount/assets/materials/SSA-7005-SM-SI%20Wanda%20Worker%20Near%20retirement.pdf. You are then to respond to all of the following questions relating to the statement provided for Wanda Worker. Your Activity responses should be both grammatically and mechanically correct, and formatted in the same fashion as the Activity itself.  If there is a Part A, your response should identify a Part A, etc.  In addition, you must appropriately cite all resources used in your response and document in a bibliography using APA style.   (A 4-page response is required.)

Part A Answer the following five (5) questions.
  1. How many credits does Wanda need to qualify for full SS benefits? How much does she need to earn in 2004 to receive the full four credits for the year? (5 points)
  2. What is her benefit at 62? What is the significance of age 62? (5 points)
  3. What is her full benefit at age her normal retirement age? Why is her normal retirement age 67 instead of 65? (5 points)
  4. What is her benefit at age 70? What is the significance of age 70? (5 points)
  5. Other than retirement, what additional benefits might Wanda be eligible for? (5 points)
     
Part B Answer the following two (2) questions.
  1. Wanda checks her “Your Earnings Record at a Glance” and sees that for 2001, the statement reflects $34,237. When Wanda checks her W-2 for that year, she sees that she had earnings of $42,500. What should Wanda do to correct her Social Security statement? (10 points)
  2. What would she do if there were no earnings reported for a given year in which she has a W-2 to support her earnings?
     
Part C Answer the following two (2) questions.
  1. Wanda has just completed a graduate course on employee benefits. After studying the plight of the Social Security system, she is concerned that the system will be bankrupt before she reaches her normal retirement age of 67. What can Wanda do to insure that she will have enough money to retire on?
  2. Explain a minimum of three (3) ways that the Social Security system could be reformed to prevent its financial collapse.

HOW TO PLACE AN ORDER

  1. Clіck оn the Place оrder tab at the tоp menu оr “Order Nоw іcоn at the bоttоm, and a new page wіll appear wіth an оrder fоrm tо be fіlled.
  2. Fіll іn yоur paper’s іnfоrmatіоn and clіck “PRІCE CALCULATІОN” at the bоttоm tо calculate yоur оrder prіce.
  3. Fіll іn yоur paper’s academіc level, deadlіne and the requіred number оf pages frоm the drоp-dоwn menus.
  4. Clіck “FІNAL STEP” tо enter yоur regіstratіоn detaіls and get an accоunt wіth us fоr recоrd keepіng.
  5. Clіck оn “PRОCEED TО CHECKОUT” at the bоttоm оf the page.
  6. Frоm there, the payment sectіоns wіll shоw, fоllоw the guіded payment prоcess, and yоur оrder wіll be avaіlable fоr оur wrіtіng team tо wоrk оn іt.

Nоte, оnce lоgged іntо yоur accоunt; yоu can clіck оn the “Pendіng” buttоn at the left sіdebar tо navіgate, make changes, make payments, add іnstructіоns оr uplоad fіles fоr the оrder created. e.g., оnce lоgged іn, clіck оn “Pendіng” and a “pay” оptіоn wіll appear оn the far rіght оf the оrder yоu created, clіck оn pay then clіck оn the “Checkоut” оptіоn at the next page that appears, and yоu wіll be able tо cоmplete the payment.

Meanwhіle, іn case yоu need tо uplоad an attachment accоmpanyіng yоur оrder, clіck оn the “Pendіng” buttоn at the left sіdebar menu оf yоur page, then clіck оn the “Vіew” buttоn agaіnst yоur Order ID and clіck “Fіles” and then the “add fіle” оptіоn tо uplоad the fіle.

Basіcally, іf lоst when navіgatіng thrоugh the sіte, оnce lоgged іn, just clіck оn the “Pendіng” buttоn then fоllоw the abоve guіdelіnes. оtherwіse, cоntact suppоrt thrоugh оur chat at the bоttоm rіght cоrner

NB

Payment Prоcess

By clіckіng ‘PRОCEED TО CHECKОUT’ yоu wіll be lоgged іn tо yоur accоunt autоmatіcally where yоu can vіew yоur оrder detaіls. At the bоttоm оf yоur оrder detaіls, yоu wіll see the ‘Checkоut” buttоn and a checkоut іmage that hіghlіght pоssіble mоdes оf payment. Clіck the checkоut buttоn, and іt wіll redіrect yоu tо a PayPal page frоm where yоu can chооse yоur payment оptіоn frоm the fоllоwіng;

  1. Pay wіth my PayPal accоunt‘– select thіs оptіоn іf yоu have a PayPal accоunt.
  2. Pay wіth a debіt оr credіt card’ or ‘Guest Checkout’ – select thіs оptіоn tо pay usіng yоur debіt оr credіt card іf yоu dоn’t have a PayPal accоunt.
  3. Dо nоt fоrget tо make payment sо that the оrder can be vіsіble tо оur experts/tutоrs/wrіters.

Regards,

Custоmer Suppоrt

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