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If we are getting a 2 percent raise and I am drawing 1407.00…

Customer Question
If we are getting...

If we are getting a 2 percent raise and I am drawing 1407.00 how does that equal a 6.00 raise

Accountant's Assistant: The Retirement Accountant will know how to help. Please tell me more, so we can help you best.

When is this going to happen

Accountant's Assistant: Is there anything else important you think the Retirement Accountant should know?

Am I going to get an answer today

Submitted: 7 months ago.Category: Social Security
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Answered in 17 minutes by:
12/20/2017
Social Security Expert: lev-tax, Tax Advisor replied 7 months ago
lev-tax
lev-tax, Tax Advisor
Category: Social Security
Satisfied Customers: 33,132
Experience: Taxes, Immigration, Labor Relations
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2% COLA adjustment to social security benefits is related to GROSS benefits amount - before any deductions.

Please verify if 1407 is your gross benefit amount before any Medicare or other deductions.

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