An employer uses a final pay formula to determine retirement payouts to its employees. The annual payout is 6 percent of the average salary over the employees last three years of service times the total years employed. Calculate the annual benefit under the following scenarios. Years Worked Average Salary during the Last Three Years of Service 23 $49,000 26 56,000 28 59,000 Years Worked Annual Benefit 23 $ 26 28