Henry Has a Defined Benefit Plan That Promises an Annual

question 158

Multiple Choice

Henry has a defined benefit plan that promises an annual retirement benefit based on the average of his last five years of salary times 2.5 times years of service.At retirement Henry has 21 years of service and an average salary over the last 5 years of $95,000.What will his annual benefit be?

• A) $95,000
• B) $60,500
• C) $49,875
• D) $28,500
• E) cannot determine

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Definitions:

Opponent-Process Theory

Opponent-Process Theory is a psychological and neurological model that explains how humans perceive colors as the result of complex processes involving opposing responses of color pairs.

Young-Helmholtz Theory

A theory of color vision proposing that the eye perceives colors through the response of three different kinds of cones, each sensitive to red, green, or blue light.

Opponent-Process Theory

A theory that suggests emotions are regulated by mechanisms that operate in opposing pairs, such as pleasure and pain or fear and relief.

Turned "On"

Refers to activating or starting the operation of a device or system, making it ready for use.