Your make $$69,000$ as an engineer. You also receive $$2,100$ of dividend and $$200$ of interest income. You contributed $$20,500$ to your $401($k$).$ Your itemized deduction is $$13,950$ and your standard deduction is $$12,950.$ All else being equal, your monthly social security benefit is lower when you claim it at $62$ instead of $70.$

Group of answer choices

True

False