Definition of respond. 1  intransitive verb. 2  1 : to say something in return : make an answer respond to criticism. 3  2a : to react in response responded to a call for helpb : to show favorable reaction respond to surgery.  3 : to be answerable respond in 1  damages. transitive verb. :  reply.
The minimum amount of quarters of coverage needed to be fully insured is six quarters of coverage and the maximum needed is forty quarters of coverage. Each year, an individual has the potential of earning four quarters of coverage through their work activity. Social Security establishes a monetary amount each year for a quarter of coverage. The amount of quarters of coverage or work credits that an individual earns has a direct affect upon their disability insured status.
Box 3 (Social Security Wages) represents the portion taxable for social security purposes. Social security wages are calculated as Federal Taxable Gross (Box 1) plus Retirement Deductions (Box 12). The maximum social security wage amount for 2015 ande 2016 is $118,500. Box 5 (Medicare Wages) represents the portion taxable for Medicare tax purposes. Unlike Social Security wages, there is no cap for Medicare wages. One of the most common differences between box 1 and boxes 3 and 5 is the amount of employee contributions to deferred compensation plans such as traditional 401(k) and 457.