Please help! #1

Required information [The following information applies to the questions displayed below] 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): (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.) -Javier works for DNL for three years and three months before he leaves for another job. Javier's annual salary was $55,000, 65,000,$70,000, and $72,000 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 $55,000, $65,000,$70,000, and $72,000 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 $75,000,$85,000. $90,000, and $95,000 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 $75,000,$85,000. $90,000, and $95,000 for years 4,5,6, and 7 , respectively. DNL uses a seven-year graded vesting schedule. 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