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please answer for upvote! Javier recently graduated and started his career with DNL Incorporated DNL provides a defined benefit plan to all employees. According to

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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 1.5 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) Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Leave no answers blank. Enter zero if applicable. Problem 13-54 Part-b (Algo) b. Javier works for DNL for three years and three months before he leaves for another job. Javier's annual salary wos $79.000. $89,000,$98,800, and $105,600 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 $123,000,$133,000 $142,800, and $150,200 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 $123,000. $133,000,$142,800, and $150,200 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 $235,000,$245,000,$254,800, and $267.000 for his final four years of employment. Note that in the year he retired, he didn't work for the entire year, so he recelved 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. Source: Internal Revenue Service. "Title 26." www. govinfo.gov

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