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Answer:

Social Security benefits may be affected by a variety of factors, but your earned income is one of the most important. Your benefits in retirement are largely dependent on the wages you received while working since the Social Security taxes taken out of your paycheck are based on that amount. If you are still working and at retirement age, you can receive benefits while earning other income; depending on your age, you can also reduce and delay your Social Security payouts. Other important factors for determining Social Security benefits include inflation and the formula used by the Social Security Administration in its calculations.

Explanation:

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Your current or future employment has an impact on Social Security or Medicare benefits because these benefits depend on the wages you received when you worked.

Social Security benefits are calculated based on several things such as:

  • Wages earned when working - this is the most important and the higher you earn, the higher the social security taxes you pay and the higher the social security benefits you receive.

  • Date you begin to receive benefits - if you decide to delay your benefits past retirement, your benefits will be more. If you receive it before full retirement age, you get less.

  • Pension benefit from government job - if you are receiving a pension as a previous government employee, your social security benefits will be different.

In conclusion, your current or future employment affects your benefits as it decides just how much benefits you will receive.

Find out more at https://brainly.com/question/11661118.

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