Dean Has Earned $70,000 Annually for the Past 4½ Years

question 34

Multiple Choice

Dean has earned $70,000 annually for the past 4½ years working as an architect for MWC. Under MWC's defined benefit plan (which uses a 5-year cliff vesting schedule) employees earn a benefit equal to 3.5% of the average of their three highest annual salaries for every full year of service with MWC. What is Dean's vested benefit (orannual benefit he has earned so far) ?

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

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Definitions:

Senility

The condition of experiencing cognitive decline associated with old age, often marked by memory loss, confusion, and impaired judgement.

Dementia

A category of brain diseases that cause a long-term and often gradual decrease in the ability to think and remember, significantly affecting an individual's daily functioning.

Sensory Losses

The partial or total loss of one or more of the senses, such as hearing, sight, taste, touch, and smell.

Hearing Nuances

The ability to detect subtle variations in sound, often important in language acquisition, music appreciation, and social interactions.