How much earn money does it take to earn a SS quarter?

Answer 1

You really answered your own Q. SS benefits are based more on TIME than MONEY.

Certainly if an employer is deducting SS from your pay, it doesn't matter if you're paid minimum wage or $50 K a year, as long as you make the standard requirements set by SS, you'll eventually get benefits paid back.

I'm wondering though, are you anywhere near age 62? In that wondering, I am curious as to how long you've worked at any job that deducts SS from pay. I wonder too if you're a US citizen (no offense) and I wonder also if you have worked for any length of time in the USA you would be getting a statement from SS showing annual earnings and be able to calculate the accumulation of total earnings reported, as well as get updates in the report showing what you'd be elegible to collect in SS benefits upon retirement age, at 62 through 66 or maybe in your case 70 yrs. old.???

Steven Wolf

Answer 2

I cannot exactly recall but I think it is in the neighborhood of $942, but I cannot be sure. That number is pretty close.

This answer is based on what I understand your question to be: how much money does one have to earn in one quarter in order to be credited by the Social Security Administration for one quarter's worth of earnings. One needs forty quarters in order to qualify for Social Security and Medicare benefits.

You can also go to the Internet site www.ssa.gov to get all of the latest information.

I hope that this helps.