Dean Has Earned $70,000 Annually for the Past Four and a Half

question 20

Multiple Choice

Dean has earned $70,000 annually for the past four and a half years working as an architect for MWC. Under MWC's defined benefit plan (which uses a five-year cliff vesting schedule) employees earn a benefit equal to 3.5 percent of the average of their three highest annual salaries for every full year of service with MWC. What is Dean's vested benefit (or annual benefit he has earned so far) ?

• A)$12,250.
• B)$42,000.
• C)$7,350.
• D)$0.

---

Definitions:

Wetlands

Areas of land where saturation with water is the dominant factor determining the nature of soil development and the types of plant and animal communities living in the soil and on its surface.

Gene Banks

Facilities that preserve genetic material of plants or animals in order to protect biodiversity and support future breeding efforts.

Sanctuaries

Protected areas where wildlife, historic landmarks, or cultural artifacts are preserved and protected from human interference.

Wild Species

Plant and animal species that exist naturally in the wild, untouched by domestication or genetic modification.