Question

Jason is planning on retiring after 25 years of employment. For the last three years he

Answer 1

Jason's monthly pension is the product of the final three-year average salary is $32,625. Then the correct option is C.

What is a monthly pension?

Jason is planning on retiring after 25 years of employment.

For the last three years he has made $60,000; $56,000; and $58,000.

His employer offers a defined benefit plan in which the annual pension is calculated as the product of the final three-year average salary, the number of years of service, and a 2.25% multiplier.

Then Jason's monthly pension will be

$\rm Monthly \ pension = \dfrac{(60,000+56,000+58,000)}{12} \times 2.25\\\\Monthly \ pension = 14500 \times 2.25\\\\Monthly \ pension = \ \ 32,625$

More about the monthly pension link is given below.

brainly.com/question/14271336

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