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

question 43

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:

Subcutaneous Injection

A subcutaneous injection is a method of administering medication under the skin into the fat layer, used for drugs that require slow, sustained release into the blood.

Subcutaneous Layer

The layer of tissue beneath the skin that consists of fat and connective tissue, providing insulation and energy storage.

Albinism

A genetic condition characterized by the absence of pigment in the skin, hair, and eyes, resulting in very light coloring and increased sensitivity to sunlight.

Melanin

A pigment produced by melanocytes within the skin, responsible for skin, eye, and hair color, and provides protection against UV radiation.