Social Security benefits are typically computed using "average indexed monthly earnings."
<h3>What is the Social Security bonus trick?</h3>
That's a myth: 62 is the earliest age you can claim your benefit, but it's not the only age to do so.
Waiting to claim Social Security after age 62 comes with a bonus: roughly 8% additional monthly income per year for each year you delay claiming (up to age 70).
<h3>What is the lowest Social Security monthly benefit?</h3>
The first full special minimum PIA in 1973 was $170 per month.
Beginning in 1979, its value has increased with price growth and is $886 per month in 2020.
The number of beneficiaries receiving the special minimum PIA has declined from about 200,000 in the early 1990s to about 32,100 in 2019.
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Answer:
A joint venture (JV) is not a partnership. That term is reserved for a single business entity that is formed by two or more people. Joint ventures join two or more different entities into a new one, which may or may not be a partnership.
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Answer:
B) the less an additional unit of capital adds to production
Explanation:
The diminishing return state that if everything else is held constant, each additional unit will increase production by a fewer amount than previous one. That's because the same amount of resource can only use efficiently a certain amount of capital then there is a loss in this good use and therefore, the output do not increase at the same rate as we add up capital.
A person can do a good use of several type of tool for building a house but I can only use one or two at the time
Adding more tools can increase productivity but in the end there is only one person working.