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 1,5 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 a (Algo) a. Javier works for DNL for three years and three months before he leaves for another job. Javier's annual salary was $60,000. $70,000,$76,000, and $79,000 for years 1,2,3, and 4 , respectively. DNL uses a five-year cliff vesting schedule. 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. Incorporatcd. 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 recelve 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. Found your final answers to the nearest whole dollar amount. Leave no answers blank. Enter zero if applicable. roblem 13-54 Part-b (Algo) Javier works for DNL for three years and three months before he leaves for another job. Javier's annual salary was $60,000, 0,000,$76,000, and $79,000 for years 1,2,3, and 4 , respectively. DNL uses a seven-year graded vesting schedule. 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 Incorporats ONL provides a defined benefit plan to all employees. According to the terms of the plan, for each full year of s ce working for the employer, employees receive a benefit of 1.5 percent of their average salary over their highest three ycars 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. roblem 13.54 Part c (Algo) Javier works for DNL for six years and three months before he leaves for another job. Javier's annual salary was $85,000,$95,000, 01,000 , and $106,500 for years 4,5,6, and 7 , respectively. DNL uses a five-year cliff vesting schedule. 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 Incorporat. DNL provides a defined benefit plan to all employees. According to the terms of the plan, for each full year of vice working for the employer, employees recelve a benefit of 1.5 percent of their average salary over their highest thro 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. roblem 13-54 Part d (Algo) Javier works for DNL for six years and three months before he leaves for another job. Javier's annual salary was $85,000,$95,000, 01,000 , and $106,500 for years 4,5,6, and 7 , respectively, DNL uses a seven-year graded vesting schedule. 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 employees. According to the terms of the plan, for each full year of ser benefit of 1.5 percent of their average salary over their highest three ye may accrue only 30 years of benefit under the plan ( 45 percent). 1. provides a defined benefit plan to all working for the employer, employees receive a of compensation from the company. Employees 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. blem 13-54 Part e (Algo) avier works for DNL for 32 years and three months before retiring. Javier's annual salary was $$37,500,$197,500,$203,500, and 0,000 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 prtion of the annual salary for that year
