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

question 98

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 (or annual benefit he has earned so far) ?

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

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Definitions:

Datasheet View

A presentation style in database applications that displays data in rows and columns, similar to a spreadsheet.

Form View

A mode in database applications that displays a single record at a time for viewing or editing, as opposed to a table view showing multiple records.

Filter

A software feature that allows users to sift through data to display only the information that meets certain criteria.

Unfilter Button

A control in software applications that removes any active filters, returning the view to its original unfiltered state.