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the answer is not $200,000 or 230,000 Alicia has been working for JMM Corporated for 32 years. Alicla participates in JMM's defined benefit plan. Under
the answer is not $200,000 or 230,000
Alicia has been working for JMM Corporated for 32 years. Alicla participates in JMM's defined benefit plan. Under the plan, for every year of service for JMM, she is to rocelve 2 percent of the average salary of her three highest consecutive calendar years of compensation from JMM. She retired on January 1, 2022. Before retirement, her annual salary was $570,000,$600,000, and $630,000 for 2019,2020 , and 2021. What is the maximum benefit Alicia can recelve in 2022? Answer is complete but not entirely correct. Alicia has been working for JMM Corporated for 32 years. Alicla participates in JMM's defined benefit plan. Under the plan, for every year of service for JMM, she is to rocelve 2 percent of the average salary of her three highest consecutive calendar years of compensation from JMM. She retired on January 1, 2022. Before retirement, her annual salary was $570,000,$600,000, and $630,000 for 2019,2020 , and 2021. What is the maximum benefit Alicia can recelve in 2022? Answer is complete but not entirely correct Step by Step Solution
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