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Required information

Problem $13-54($LO $13-1)($Algo$)$

$[$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 $1\mathrm{.}5$ 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 $13-1)$:

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 d $($Algo$)$

d$.$ Javier works for DNL for six years and three months before he leaves for another job. Javier's annual salary was $$117,000,$$$127,000,$

$$136,200,$ and $$143,300$ for years $4,5,6,$ and $7,$ respectively. DNL uses a seven$-$year graded vesting schedule.