In 2017, how much earnings are required to earn one Social Security credit?

In 2017, how much earnings are required to earn one Social Security credit?

• A. 1,000
• B. 1,100
• C. 1,300
• D. 1,500

Answer: (C)

Social Security credits are earned based on yearly earnings, with a fixed amount of earnings needed to receive one credit. In 2017, one credit is earned for every $1,300 of earnings, and you can earn up to four credits in a year. These credits accumulate toward eligibility for benefits (typically needing about 40 credits for retirement, which is roughly 10 years of work). Since the question asks for 2017, the amount required per credit is $1,300.

Social Security credits are earned based on yearly earnings, with a fixed amount of earnings needed to receive one credit. In 2017, one credit is earned for every $1,300 of earnings, and you can earn up to four credits in a year. These credits accumulate toward eligibility for benefits (typically needing about 40 credits for retirement, which is roughly 10 years of work). Since the question asks for 2017, the amount required per credit is $1,300.