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:

House

Refers to a legislative chamber, often the lower house in a bicameral system, such as the House of Representatives in the United States Congress.

Budget

An itemized summary of estimated or intended expenditures and revenues for a given period, often used by governments, businesses, and individuals to manage finances.

Impoundment Control Act

A 1974 United States federal law designed to restrict the president's ability to withhold funds that have been appropriated by Congress.

Legislative Authority

The power or right to enact laws, typically vested in a legislative body such as a parliament or congress.