Mr. Evon, who has participated in his employers qualified definedbenefit plan for 38 years, retired in June.
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Mr. Evon, who has participated in his employer’s qualified definedbenefit plan for 38 years, retired in June. What is his maximum annual pension benefit assuming that:
a. His average compensation for his three highest compensation years was $145,000?
b. His average compensation for his three highest compensation years was $235,000?
Assume the taxable year is 2018.
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