What Is the Limit on the Social Security Amount for 2017

question 14

Multiple Choice

What is the limit on the social security amount for 2017?

• A)$127,200.
• B)$117,000.
• C)$113,700.
• D)$118,500.

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Definitions:

Boeing

An American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide.

Law of Diminishing Returns

An economic principle stating that adding more of one factor of production, while holding others constant, will at some point yield lower per-unit returns.

Fixed Factor

An input in the production process that cannot be changed in the short term, such as premises or machinery.

Output Decreasing

A situation where the quantity of goods or services produced by an economy or firm is reducing over time.