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1 ) An employee participating in a defined benefit flat benefit pension plan has a benefit entitlement of $ 1 2 0 . Calculate the

1) An employee participating in a defined benefit flat benefit pension plan has a benefit entitlement of $120. Calculate the pension adjustment for this employee.
2) Cheng is paid a monthly commission of 7.5% on the value of the companys goods sold. The company provides him with a mid-month advance of $2000 on the 15th of every month. In September he sold $123,350 of goods. Calculate his September 30 commission payment.

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