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DSD Corp. has the following salary information for an employee: Employee Years Worked Average Salarylast 3 years of service Career average salary Sheila 28 $240,000
DSD Corp. has the following salary information for an employee:
Employee
Years Worked
Average Salarylast 3 years of service
Career average salary
Sheila
28
$240,000
$182,000
If relevant, the annual payout is 6 percent, and the annual benefit is $7,000 per year of service, calculate the annual benefit for Sheila assuming the CareerAverage Formula is used.(Do not round intermediate calculations. Round your answer to a whole number.)
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