Social Security Income Family Benefit Calculation

What is the approximate maximum family benefit that Wally's family can receive?

a) $22,000 b) $44,000 c) $66,000 d) $88,000

Final answer:

The approximate maximum family benefit that Wally's family can receive is $44,000 (option b).

When calculating the maximum family benefit for Social Security Income, it is important to consider various factors. In this case, Wally's social security income is $22,000, which affects the family benefit amount.

The approximate maximum family benefit that Wally's family can receive is $44,000, which is around 150-180% of the worker's primary insurance amount (PIA). Since Wally's income is $22,000, the maximum family benefit is approximately $44,000.

It's important to note that the specific circumstances and number of family members receiving benefits can also impact the maximum family benefit amount. Understanding how social security income family benefits are calculated can help individuals and families plan for their financial future.