12 What is the maximum monthly social security benefit a person can receive if retiring exactly 1 year after full retirement age in 2022? A. $3,613 B. $3,345 C. $3,500 D. $4,148 Additional information...

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What is the maximum monthly social security benefit a person can receive if retiring exactly 1 year after full retirement age in 2022?

A. $3,613

B. $3,345

C. $3,500

D. $4,148

Additional information for this question:

2022 max monthly SS benefit is $4,194 (Age 70)

2022 max monthly SS benefit is $3,345 (Full Retirement Age)

2022 max monthly SS benefit is $2,364 (Age 62)

Benefits are increased annually to account for inflation (Cost of Living Adjustments).

2011-2021 Average = 1.60%

2022 = 5.9%