An individual has an AIME of $7,200 Using the 2024 bend points, what is their PIA at full retirement age?

Using the 2024 bend points of $1,174 and $7,078, calculate 90% of the first $1,174, 32% of the amount from $1,174 to $7,078, and 15% of the amount above $7,078. That gives $1,056.60 + $1,889.28 + $18.30 = $2,964.18. The PIA is $2,964.18, choice A.

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