Question: Deanna has earned $71,500 annually for the past five years working as an architect for WCC Incorporated Under WCC's defined benefit plan (which uses a

Deanna has earned $71,500 annually for the past five years working as an architect for WCC Incorporated Under WCC's defined benefit plan (which uses a seven-year graded vesting schedule) employees earn a benefit equal to 3.5 percent of the average of their three highest annual salaries for every full year of service with WCC. Deanna has worked for five full years for WCC and her vesting percentage is 60 percent. What is Deanna's vested benefit (or annual retirement benefit she has earned so far)?

Multiple Choice

$12,513

$42,900

$7,508

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