# October 18, 2019 Quizzle Answers

NOTE:  The answers and explanations reflected below were updated from the original posting to include a timing correction on the start dates.

Question One

Calculate this household’s income factoring in the new COLA increase of 1.6%?  Robert and Marla are adults living in the same unit and both have COLA increases to their income. Robert is receiving \$759.63 in Social Security and \$106.95 in VA Benefits and Marla is receiving \$876.00 in SSI, their recertification date is 12/1/2019.  What is the total income for Robert’s SS?

A: \$9327.06

B: \$9261.36

C: \$9249.21

D: \$9115.56

What is Robert’s income from VA?

A: \$2364.66

B: \$1283.40

C: \$1283.40

D: \$1302.21

What is Marla’s income from SSI?

A: \$10,683.24

B: \$10,666.11

C: \$10,515.00

D: \$10,894.21

What is the total income for this household?

A: \$21,218.00

B: \$21,208.49

C: \$20,248.62

D: \$21,248.52

1. C
2. D
3. B
4. A

Explanation and breakdown:

Things to note: The increase begins in December for SSO/SSD/VA income and SS income is paid one month later beginning in January.

 Effective Date How many months to calculate COLA For SSI/SSD/VA How many months to calculate COLA for SS October 2 months at current rate and 10 with the COLA Jan - Sept. 3 months at current rate and 9 with COLA November 1 month at current rate and 11 with the COLA Jan. - Oct. 2 months at current rate and 10 with the COLA December Begin counting for next 12 months 1 month at current rate and 11 with COLA

SS: \$759.63 x 1.6%= \$12.15

\$759.63 + \$12.15= \$771.78 (new amount of SS after COLA increase)

759.63 x 1 = 759.63 + 771.78 x 11 = \$8,489.58 + \$759.63 = \$9,249.21

VA: \$106.95 x 1.6% = \$1.71

\$106.95 + \$1.71 = 108.66 (new amount of VA income after COLA increase)

108.66 x 12 = \$1,303.92

SSI: \$876.00 x 1.6% = \$14.00

\$14.00 + \$876.00 = \$890.00 (new amount after SSI increase)

\$890.00 x 12 = \$10,680.00

Total household income: \$21,233.14

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Posted in: Quizzles