1. TASK: Insert the appropriate word in the text below:
adjustment - annual - earnings - partly - tied
beginning of the text here>>>
For the other 12 million, however, the maximum ________ employee contribution to OASDI will rise by $539.40 to $7,886.40.
The increase is so steep this year ________ because there was no increase last year, since rules prohibit raising the maximum taxable earnings level without also providing a cost-of-living ________ (this year's adjustment is 0.3%). The maximum taxable earnings level is ________ to the National Average Wage Index, which rose 3.6% in 2014 – without a corresponding rise in the ________ cutoff – and 3.5% in 2015. The result is the largest bump in OASDI-taxable earnings since 1981.
2. CHECK YOUR SPEAKING
|
adjustment |
[ əˈdʒʌst.mənt ] |
коригування |
|
annual |
[ ˈænjuəl ] |
річний |
|
earnings |
[ ˈɜː.nɪŋz ] |
доходи |
|
partly |
[ ˈpɑːtli ] |
частково |
|
tied |
[ taɪd ] |
пов'язаний |
3. SEE CORRECT ANSWER
beginning of the text here>>>
For the other 12 million, however, the maximum annual employee contribution to OASDI will rise by $539.40 to $7,886.40.
The increase is so steep this year partly because there was no increase last year, since rules prohibit raising the maximum taxable earnings level without also providing a cost-of-living adjustment (this year's adjustment is 0.3%). The maximum taxable earnings level is tied to the National Average Wage Index, which rose 3.6% in 2014 – without a corresponding rise in the earnings cutoff – and 3.5% in 2015. The result is the largest bump in OASDI-taxable earnings since 1981.
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