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please hurry Arthur's salary is $90,000. His DBPP will pay him 1.9% of his last 3 years earnings. His pension adjustment for 2022 is: a.
please hurry
Arthur's salary is $90,000. His DBPP will pay him 1.9% of his last 3 years earnings. His pension adjustment for 2022 is: a. $15,600 b. $14,790 C. $14,500 d. $15,500 Ashley is attempting to estimate the present value at retirement of her CPP income of $8,000 that she will receive in the year that she retires. To discount this, she is using the return on her current investments of 7%. Currently inflation is at 5% She estimates that she will live for 25 years after retirement. The value of her CPP income at retirement in real dollars is: a. $99,755 b. $160,957 C. $118,389 d. $157,948 Bob has worked for We-Love-You Inc. for 45 years as a plant controller. WeLove-You has a defined benefit pension plan which will pay Bob the maximum possible pension based on the legislated maximum accrual rate and the average of his best five years of service to a maximum of 35 years of service. His best five years average is $129,000 and he earned $135,000 the last year he worked. The maximum annual pension he can receive is: a. $76,500 b. $94,500 c. $71,100 d. $90,300 Step by Step Solution
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