Answered

Looking for reliable answers? Westonci.ca is the ultimate Q&A platform where experts share their knowledge on various topics. Connect with a community of experts ready to help you find solutions to your questions quickly and accurately. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

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. What will
Jason's monthly pension be?
O $27,187.50
O $2,812.50
O $32,625
O $2,718.75

Sagot :

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

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

More about the monthly pension link is given below.

https://brainly.com/question/14271336

#SPJ1

Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.