Answer:
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 __$1,380_____ per year upon retirement.
Explanation:
a) Data and Calculations:
Average wage = $60,000
Number of years worked in the firm = 28 years
Defined benefit pension plan rate = 2.3%
Annual defined benefit pension plan = $1,380 ($60,000 * 2.3%)
Total benefit to be received = $38,640 ($1,380*28) or ($60,000 *28 * 2.3%).
b) This employee is expected to receive the total benefit of $38,640 for serving the firm for 28 long years under the defined pension plan, given the plan rate of 2.3% of the average wage.
<span>You might be able to cope with future issues more easily this the correct answer. : )</span>
Answer:
Direct deposit means that a person brings their paycheck to the bank and deposits it immediately after receiving it.
Explanation:
The primary objective of ABM or activity-based management is a method to access a business and figure out it's strengths and weaknesses to strategically fix problems.
goodluck! :-)
Team dynamic theories are now being utilized to determine
team performance because it evaluates how well the team members interact with
each other. How they coordinate and
exchange ideas with each other are determinants that measure their potential as
a team.
