Generally, individuals who are eligible to receive social security retirement benefits, but are under full retirement age
a) will have their social security retirement benefit reduced by $1 for every $4 in earnings above the annual earnings limit.
b) will incur a reduction in benefits if earned income exceeds specified limits.
c) are not subject to the earnings test for social security retirement benefits.
d) will have 85% of their employment earnings above the annual limit taxed.