Social Security Survivor Benefits Flashcards
Social security taxes are paid as a part of…
FICA (payroll) taxes
Payroll taxes are split by…
Employer and employee
Self-employed pay…
100% payroll taxes
Social security death benefits can be paid in…
Small lump sum ($255) plus monthly payments
Social security death benefits depends on how many credits/quarters the deceased person earned by paying…
Social security taxes
One credit/quarter is earned for each…
$1500 subjected to SS taxes (max 4 credits/year)
Currently insured SS survivor benefits are dependent upon…
Deceased earned 6 credits during the past 13 calendar quarters (generally 3+ years) before death
Currently insured SS survivor benefits can go to…
Spouses raising a child up to age 16 (longer for disabled children); Unmarried children up to age 18 (19 if still in high school, longer if disabled)
Fully insured SS survivor benefits are dependent upon…
Deceased person earned at least 40 credits before death (generally 10 years of paying SS taxes)
Fully insured SS survivor benefits can go to…
Spouses raising a child up to age 16 (longer for disabled children); Unmarried children up to age 18 (19 if still in high school, longer if disabled); Spouse upon turning 60, regardless of children; Parents who are 62 or older and were supported by deceased
Blackout Period
Gap in benefits for surviving spouses with children
SS Benefits are based on…
Worker’s primary insurance amount
Primary Insurance Amount
Average monthly wages over work life
Fully insured retirees can start getting reduced retirement benefits at…
62, regular benefits at 67, and more if they wait
