Georgeanne Has Been Employed by SEC Corp

question 21

Essay

Georgeanne has been employed by SEC Corp.for the last two and a half years.Georgeanne participates in SEC's 401(k)plan.During her employment,Georgeanne has contributed $6,000 to her 401(k)account.SEC has contributed $3,000 to Georgeanne's 401(k)account (it matched 50 cents of every dollar contributed).SEC uses a three-year cliff vesting schedule.If Georgeanne were to quit her job with SEC,what would be her vested benefit in her 401(k)account (assume the account balance is $9,000)?

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Definitions:

Acetylene

A hydrocarbon and the simplest alkyne, with the formula C2H2, used as a fuel and a chemical building block.

Ethyne

A colorless hydrocarbon gas with the formula C2H2, known for its use in welding as acetylene.

Molecular Shape

The three-dimensional configuration of atoms within a molecule, determining many of the properties of the molecule, including reactivity and biological activity.

Phosphine

A toxic, flammable gas composed of phosphorus and hydrogen, used as an insecticide and in various industrial processes.