Dean Has Earned $70,000 Annually for the Past Five Years

question 31

Multiple Choice

Dean has earned $70,000 annually for the past five years working as an architect forWCC Inc. Under WCC's defined benefit plan (which uses a 7-year graded vestingschedule) employees earn a benefit equal to 3.5% of the average of their three highest annual salaries for every full year of service with WCC. Dean has worked for five full years for WCC and his vesting percentage is 60%. What is Dean's vested benefit (or annual retirement benefit he has earned so far) ?

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

---

Definitions:

Subjective Appraisal

The process of evaluating or judging something based on personal feelings, tastes, or opinions rather than external facts or principles.

Emotional Experiences

The complex psychological states resulting from the cognition, actions, and physiological arousal in response to stimuli.

Relationship with Happiness

The association between personal connections and emotional well-being, suggesting that strong, healthy relationships contribute to higher levels of happiness.

Love

A complex set of emotions, behaviors, and beliefs associated with strong feelings of affection, protectiveness, warmth, and respect for another person.