Determine the maximum annual benefits payable to a participant from a defined benefit plan in the following independent situations:
Definitions:
Direct Labor Hours
The total number of hours worked by employees directly involved in the production of goods or services.
Purchase Orders
Documents issued by a buyer to a seller indicating types, quantities, and agreed prices for products or services.
Clerical Activity
Administrative tasks related to the processing and maintenance of paperwork, data entry, and other office duties.
Property Taxes
Taxes imposed by local governments on property owners based on the assessed value of their property, including land and structures.
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