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An employer uses a career average formula to determine retirement payments to its employees. The annual retirement payout is 6 percent of the employees' career
An employer uses a career average formula to determine retirement payments to its employees. The annual retirement payout is 6 percent of the employees' career average salary times the number of years of service. Calculate the annual benefit payment under the following scenarios. Years Worked 21 24 26 Career Average Salary $62,000 64,500 66,000 Annual Benefit Years Worked 21 24 26 An employer uses a career average formula to determine retirement payments to its employees. The annual retirement payout is 6 percent of the employees' career average salary times the number of years of service. Calculate the annual benefit payment under the following scenarios. Years Worked 21 24 26 Career Average Salary $62,000 64,500 66,000 Annual Benefit Years Worked 21 24 26
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