Conrad's employer offers graded vesting plan. Every year after the first year, vesting increases 10% with a 2.5% multiplier. If Conrad's three-year average salary was $67,453, and he left after the fourth year, what will his benefit be? a. $2,023.59 b. $5,058.98 c. $2,698.12 d. $6,745.30
Conrad's employer offers graded vesting plan. Every year after the first year, vesting increases 10% with a 2.5% multiplier. If Conrad's three-year average salary was $67,453, and he left after the fourth year, what will his benefit be? a. $2,023.59 b. $5,058.98 c. $2,698.12 d. $6,745.30
Chapter4: Income Exclusions
Section: Chapter Questions
Problem 38P
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Conrad's employer offers graded vesting plan. Every year after the first year, vesting increases 10% with a 2.5% multiplier. If Conrad's three-year average salary was $67,453, and he left after the fourth year, what will his benefit be?
a. $2,023.59 b. $5,058.98 c. $2,698.12 d. $6,745.30
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT