1978 Quarter

2021年6月20日
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With production in excess of 800 million 1978 Washington quarters from the combined efforts of the Philadelphia and Denver mints, only coins MS-63 and higher hold any substantial additional value. Value: Can usually be found and sold for somewhere between $0.70-$2.80 price dictated by condition, certification, and current demand. 1978 P Washington Quarter. CoinTrackers.com has estimated the 1978 P Washington Quarter value at an average of 25 cents, one in certified mint.1978 Quarter Worth
Latest amount & QC explanation
The amount of earnings required for a quarter of coverage (QC) in 2021 is $1,470. ’Quarter of coverage’ is a legal term, but you may also see the term ’Social Security credit’ (or just ’credit’) used elsewhere. A QC is the basic unit for determining whether a worker is insured under the Social Security program. No matter how high your earnings may be, you can not earn more than 4 QC’s in one year.
Fortune bingo. History
See historical series of earnings needed to earn one quarter of coverage, 1978-2021.
For years before 1978, an individual generally was credited with a quarter of coverage for each quarter in which wages of $50 or more were paid, or an individual was credited with 4 quarters of coverage for every taxable year in which $400 or more of self-employment income was earned. Beginning in 1978, employers generally report wages on an annual, instead of quarterly, basis. With this change to annual reporting, the law provided that a quarter of coverage be credited for each $250 of an individual’s total wages and self-employment income for calendar year 1978 (up to a maximum of 4 quarters of coverage for the year). After 1978, the amount of earnings needed for a quarter of coverage changes automatically each year with changes in the national average wage index.
Determination of the quarter of coverage amount for 2021
The law specifies that the quarter of coverage (QC) amount for 2021 is equal to the 1978 amount of $250 multiplied by the ratio of the national average wage index for 2019 to that for 1976, or, if larger, the 2020 amount of $1,410. If the amount so determined is not a multiple of $10, it shall be rounded to the nearest multiple of $10.
Calculation detailsAmounts in
formula1978 earnings for one QC$2501976 average wage index9,226.482019 average wage index54,099.99Computation$250 times 54,099.99 divided by 9,226.48 equals $1,465.89, which rounds to $1,470Higher amount$1,470 exceeds the amount for 2020, so the earnings needed to earn one QC in 2021 is $1,4701978 Quarter Thickness Chart1978 Quarter Error CoinAmount of earnings needed to earn one quarter of coverageYearEarnings1978$25019792601980290198131019823401983370198439019854101986440198746019884701989500199052019915401992570YearEarnings1993$590199462019956301996640199767019987001999740200078020018302002870200389020049002005920200697020071,000YearEarnings2008$1,05020091,09020101,12020111,12020121,13020131,16020141,20020151,22020161,26020171,30020181,32020191,36020201,41020211,470
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