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 scenarios $($Use Exhibit $13-1)$:

a$.$ Javier works for DNL for three years and three months before he leaves for another job. Javier's annual salary was $$67,000,$ $$77,000,$ $$84,400,$ and $$88,800$ for years $1,2,3,$ and $4,$ respectively. DNL uses a five$-$year cliff vesting schedule

b$.$ Javier works for DNL for three years and three months before he leaves for another job. Javier's annual salary was $$67,000,$ $$77,000,$ $$84,400,$ and $$88,800$ for years $1,2,3,$ and $4,$ respectively. DNL uses a seven$-$year graded vesting schedule.

c$.$ Javier works for DNL for six years and three months before he leaves for another job. Javier's annual salary was $$99,000,$ $$109,000,$ $$116,400,$ and $$122,600$ for years $4,5,6,$ and $7,$ respectively. DNL uses a five$-$year cliff vesting schedule.

d$.$ Javier works for DNL for six years and three months before he leaves for another job. Javier's annual salary was $$99,000,$ $$109,000,$ $$116,400,$ and $$122,600$ for years $4,5,6,$ and $7,$ respectively. DNL uses a seven$-$year graded vesting schedule.

e$.$ Javier works for DNL for $32$ years and three months before retiring. Javier's annual salary was $$205,000,$ $$215,000,$ $$222,400,$ and $$231,000$ 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.EXHIBIT $13-1$ Defined Benefit Plans Minimum Vesting Schedules$*$

Percent of employee benefit no longer subject to forfeiture.