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Report
Deadline
Nears
People receiving social security benefits who earned more than the annual exempt amount on wages or self* employment during 1979, have until April IS, 1980, to file an annual report of their earnings, according to Bruce A. Hundley, manager in the Culpeper SS office.
The 1979 annual exempt amount was S3,480 for people under 6S all of the year and $4,500 for people 65 or over. In general, a person has SI in benefits withheld for each S2 of annual earnings over the exempt amount.
The annual report is used by the Social Security Administration to determine whether the person received the correct amount of benefits during 1979. If too much or too little was paid, any adjustment necessary is made after the annual report is received.
A special monthly test is used during a person’s first year of retirement. Under this test, a person can receive a benefit for a month in which he or she did little or no work regardless of total annual earnings.
84.4%