US Government Reported Inflation:
2002 1.4%
2001 2.6%
2000 3.5%
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Medicare in 2003:
Part A: Hospital
1st Day Stay Deductible $840.00
Part B: Doctor
Monthly Premium $58.70 ($54 in 2002)
Deductible
$100.00/year
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Social Security:
Max
Taxable Payroll Earning: $87,000.00
tax rates remain the same
Monthly Average Benefit
All retired workers: $895.00
Couple, both receiving: $1,483.00
Maximum benefit: $1,741.00
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401 (k)
The amounts you are allowed to contribute per year:
2002 $11,000
2003
12,000
2004 13,000
2005 14,000
2006 15,000
PLUS
"Catch-Up Provisions" if you are over 50 years old:
2002 $1,000
2003
2,000
2004 3,000
2005 4,000
2006 5,000
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