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AIME |
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For current year 2006 these portions are: (a) 90 percent of the first $656 of his/her average indexed monthly earnings, plus (b) 32 percent of his/her average indexed monthly earnings over $656 and through $3,955, plus (c) 15 percent of his/her average indexed monthly earnings over $3,955. According to the Social Security Administration rules, the benefits are based first on the average indexed monthly earnings (AIME). The actual taxable earnings for those years are considered in calculating the average indexed monthly earnings (AIME). |
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