An Employee Has an Average Wage of $60,000 and Has

question 11

Multiple Choice

An employee has an average wage of $60,000 and has worked for the firm for 28 years. The defined benefit pension plan pays retirees 2.3% of the average wage times the years of service. The employee can expect to receive ________ per year upon retirement.

• A) $18,000
• B) $38,640
• C) $45,325
• D) $55,250

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Definitions:

Long-Term Career Goals

Professional objectives or aspirations that an individual aims to achieve over an extended period, often shaping their career path and development.

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A preparatory step for creating a resume involving gathering information, brainstorming achievements, and organizing content.

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The process of gradually increasing the amount of money owed due to borrowing over time.

End Goal

The ultimate objective or target that an individual, group, or project aims to achieve after a certain period or through a series of actions.