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Page 3 · column 7 of 9 · from the scan, no model involved

The clipping this text was read from
The clipping this text was read from

nc annual earnings b^se—the maximum^ amount of annual earnings that counts for Social Security—will increase to $32,400 for 1982, up from $39,700, the 1981 base, Bruce A Hundley, Social Security manager in Culpeper, said recently. j The increase is ^>ased on the change in average earnings levels from 1980f% 1981 .' . ; Also scheduled to increase in 1982 is the Social Security tax rate, Hundley said. The 1982 tax. rate will be 6.7 • percent, an im^ease of 0.0S percent ove(r the 1982 rate of 6.65 percent. The increase wjll amount to just 50 cents a month for a person earning $1,000 a month. Other Social Security figures are scheduled to increase in 1982 as well. The annual exempt amount used in; the annual earnings test will increase. The annual earnings test is the measure used to determine whether a person will receive benefits during a year. A person whose efirnings do not exceed

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75.6%