Javier recently graduated and started his career with DNL Incorporated DNL provides a defined benefit plan to all employees. According to the terms of the plan, for each full year of service working for the employer, employees receive a benefit of $1\mathrm{.}5$ percent of their average salary over their highest three years of compensation from the company. Employees may accrue only $30$ years of benefit under the plan $(45$ percent$).$

Determine Javier$$s annual benefit on retirement, before taxes, under each of the following scenariosEXHIBIT $13-1$ Defined Benefit Plans Minimum Vesting Schedules$*$

"Percent of employee benefit no longer subject to forfeiture.

Source: Internal Revenue Service. "Title $26."$ www:

govinfo.gov: $.$

d$.$ Javier works for DNL for six years and three months before he leaves for another job. Javier's annual salary was $$125,000,$

$$135,000,$$$145,000,$ and $$152,500$ for years $4,5,6,$ and $7,$ respectively. DNL uses a seven$-$year graded vesting schedule.

Annual before$-$tax benefit

e$.$ Javier works for DNL for $32$ years and three months before retiring. Javier's annual salary was $$237,500,$$$247,500,$$$257,500,$ and

$$270,000$ for his final four years of employment. Note that in the year he retired, he didn't work for the entire year, so he received only

a portion of the annual salary.