Use This Earned Schedule Table to Determine the Schedule Performance

question 29

Multiple Choice

Use this earned schedule table to determine the schedule performance index (t) for this project at the end of Month 6. $\begin{array}{|l|l|l|l|l|l|l|l} & \text { Month } 1 & \text { Month } 2 & \text { Month } 3 & \text { Month 4 } & \text { Month } 5 & \text { Month } 6 & \text { Month } 7 \\\hline \mathbb{P V}(\$) & \$ 125 & \$ 275 & \$ 500 & \$ 875 & \$ 1,485 & \$ 2,325 & \$ 2,670 \\\hline \text { EV (\$) } & \$ 50 & \$ 120 & \$ 255 & \$ 420 & \$ 715 & \$ 865 & \$ 0 \\\hline\end{array}$

• A) 0.71
• B) 0.54
• C) 0.38
• D) 0.21

---

Definitions:

Deductible Contribution

An investment into a qualified account, such as an IRA or 401(k), that can be subtracted from gross income to reduce taxable income.

Highly Compensated Employees

Employees who receive compensation above a specific threshold set by the IRS, subject to certain retirement plan rules.

Pension Plan

A savings strategy for retirement that mandates employers contribute to a fund reserved for an employee's future benefits.

Profit-sharing Plan

A retirement plan that gives employees a share in the profits of the company.