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For workers with more than 35 years of covered wages, the Average Indexed Monthly Earnings will only take the average of the 35 highest years of indexed covered wages. This figure is then divided by 12 to get a monthly rate (thus the self-describing name "Average Indexed Monthly Earnings").
For example, a 62-year-old born in 1962 whose total indexed earnings over her 35 highest-earning years were $2.5 million would have an AIME of $5,952.38 ($2,500,000 / 420 work months = $5,952.38).
If You Worked 30 Years: Social Security will add five zero-income years to reach the 35-year mark. Those zeros lower your average, meaning you'll have a smaller benefit than if you'd had a full 35 ...
For example, in 2017 an employee works two jobs (either concurrently or consecutively) paying $70,000 each. Since each employer calculates the social security taxes independently, each employer will withhold 6.2% of the $70,000 employee’s salary, or $4,340, for a grand total of $8,680 -- which exceeds the cap of $7,886.40 by $739.60.
And although the state’s minimum wage will rise to $13 this year with more bumps expected in 2025 and 2026, Florida is one of the states impacted most by inflation, according to the U.S ...
US state minimum wage rates. 2025. [12]State 2025 Alabama $7.25 [note 1] Alaska $11.91 Arizona $14.70 Arkansas $11.00 California $16.50 Colorado $14.81 Connecticut $16.35
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