Alicia has been working for JMM Corp. for 32 years.Alicia participates in JMMs defined benefit plan.Under the
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Alicia has been working for JMM Corp. for 32 years.Alicia participates in JMM’s defined benefit plan.Under the plan, for every year of service for JMM she is to receive 2 percent of the average salary of her three highest years of compensation from JMM. She retired on January 1, 2018. Before retirement, her annual salary was $570,000, $600,000, and $630,000 for 2015, 2016, and 2017.What is the maximum benefit Alicia can receive in 2018?
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Related Book For
Taxation Of Individuals And Business Entities 2019 Edition
ISBN: 9781259918391
10th Edition
Authors: Brian C. Spilker, Benjamin C. Ayers, John Robinson, Edmund Outslay, Ronald G. Worsham, John A. Barrick, Connie Weaver
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