SSQC returns Wages Needed for Quarter of
Coverage for a given year. Bend points are used in
the formula to calculate the Social Security Primary Insurance Amount (PIA). The
exempt amounts are determined each year based on changes in the National
Average Wage Index.
SSQC for year 𝑥 is based on the
following formula:
|
Prior
year amounts are published in a historical table. If
the amount so determined is not a multiple of $10, it is rounded to the
nearest multiple of $10. Not less than the amount for the prior year. |
More information can be
found at the Social Security
web site.
Syntax
SSQC (DeterminationYear, [LawYear],
[WageInflation])
|
Parameter Name |
Description |
|
DeterminationYear |
A
4 digit number. If the DeterminationYear is after the LawYear, this
is a projected calculation based on the WageInflation assumption. |
|
LawYear |
A
4 digit number. Optional;
default = DeterminationYear |
|
WageInflation |
The
assumed rate of increase in the National Average Wage. This
is used only for a projected calculation. Optional:
default = 0% |