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:

Wrinkles

Lines, creases, or folds in the skin, often resulting from aging, sun damage, or facial expressions.

Isometric Strength

Subtle contractions in which the length of the muscle does not change; is maintained through adulthood.

Bone Density

The measurement of the amount of mineral matter per square centimeter of bones, used to assess strength and risk for osteoporosis.

Muscle Mass

The volume or weight of muscle in an individual's body, which can affect strength, metabolism, and overall health.