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Cheryl is an executive with Chandler Corporation where she has been employed for the past 24 years. Her current salary is $310,000. Chandler's qualified defined

Cheryl is an executive with Chandler Corporation where she has been employed for the past 24 years. Her current salary is $310,000. Chandler's qualified defined benefit plan provides participants who have 25 years of service an annual retirement benefit equal to 85% of salary. Assuming Cheryl's salary remains at $310,000, what will be the amount of her annual retirement benefit?

A. $225,000 B. $263,500 C. $280,000 D. $310,000

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