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Question 1 of 5
1. Question
1 point(s)The following statements describe the basics of how Social Security benefits are calculated, except:
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Question 2 of 5
2. Question
1 point(s)The Government Pension Offset (GPO) is a law that might reduce a spouse’s or widow’s or widower’s Social Security benefits if their spouse received a retirement or disability pension from a federal, state, or local government based on work for which they didn’t pay Social Security taxes. The Government Pension offset (GPO) impacts the Social Security benefits of the following individuals, except:
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Question 3 of 5
3. Question
1 point(s)The following are true about how the GPO affects benefits, except:
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Question 4 of 5
4. Question
1 point(s)Supplemental plans are a 401k, 457, 403b, offered by a Social Security-exempt agency that are not the primary retirement benefit. How does the GPO affect supplemental employer plans?
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Question 5 of 5
5. Question
1 point(s)Assume Tammy currently works for a Social Security-exempt school district for 14 years (she worked 16 years in the past in the private sector, so the WEP reduces her worker Social Security benefit to $400). Her husband Steve works in the private sector as a mechanic. Which of the following is false about what happens to their retirement income when they retire?