Ok. So you want to know how to calculate Social Security benefits? The easiest way to calculate Social
Security benefits for the next year is by multiplying your current monthly payment by 5.9%, according to
MSN.com. Then, add that amount to the initial payment and you will see the increase reflected in your
paycheck. However, as the cost-of-living-adjustments have increased, so have Medicare Part B
premiums. Medicare Part B premiums have increased by $29.60, so that amount will be taken directly
from Social Security checks. Therefore, if you want to factor in the premiums to get a final calculation,
you will have to subtract $29.60 to get the final amount.