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An employer uses a career average formula to determine retirement payments to its employees. The annual retirement payout is 7 percent of the employees' career
An employer uses a career average formula to determine retirement payments to its employees. The annual retirement payout is 7 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 30 33 Career Average Salary $71.000 73,500 75,000 35 O A. Years Worked Annual Benefit 30 $ 149100 33 $ 169785 35 S 183750 OB. Years Worked Annual Benefit 30 $ 149100 33 S 169785 35 $ 187750 OC. Years Worked Annual Benefit 30 S 144100 33 $ 169785 35 S 183750 D. Years Worked Annual Benefit 30 $ 149100 33 $ 179785 35 S 183750
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