At Your New Job You Estimate That Your Average Salary

question 45

Multiple Choice

At your new job you estimate that your average salary over your working years will be $95,000 per year. How many more years would you have to work to receive as much benefit from a flat benefit of $3,000 times years of service as you would receive from 3.75 percent of your average salary times years of service?

• A)1.33 times as many years
• B)0.75 times as many years
• C)1.19 times as many years
• D)2.40 times as many years
• E)1.50 times as many years

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Definitions:

Age

A measure of the amount of time an individual, object, or entity has existed, often used to indicate maturity, development, or life stages.

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A medical condition characterized by excessive body fat that presents a risk to health, often defined by a Body Mass Index (BMI) of 30 or higher.

Inherited Fat Cells

Fat cells whose quantity and distribution may be influenced by genetics passed down from parents to offspring.