Question: help with these 5 problems please! :) EXHIBIT 13-1 Defined Benefit Plans Minimum Vesting Schedules* Full Years of Service 5-Year Cliff 7-Year Graded 1 0%

help with these 5 problems please! :)
 help with these 5 problems please! :) EXHIBIT 13-1 Defined Benefit
Plans Minimum Vesting Schedules* Full Years of Service 5-Year Cliff 7-Year Graded
1 0% 0% 2 0 0 3 3 0 20 4 0
40 5 100 60 6 N/A 80 7 N/A 100 *Percent of
employee benefit no longer subject to forfeiture. Source: $411(a). Javier recently graduated
and started his career with DNL Inc. DNL provides a defined benefit

EXHIBIT 13-1 Defined Benefit Plans Minimum Vesting Schedules* Full Years of Service 5-Year Cliff 7-Year Graded 1 0% 0% 2 0 0 3 3 0 20 4 0 40 5 100 60 6 N/A 80 7 N/A 100 *Percent of employee benefit no longer subject to forfeiture. Source: $411(a). Javier recently graduated and started his career with DNL Inc. DNL provides a defined benefit plan to all employees. According to the terms of the plan, for each full year of service working for the employer, employees receive a benefit of 15 percent of their average salary over their highest three years of compensation from the company Employees may accrue only 30 years of benefit under the plan (45 percent). Determine Javier's annual benefit on retirement before taxes, under each of the following scenarios (Use Exhibit 13-1) (Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.) a. Javier works for DNL for three years and three months before he leaves for another job. Javier's annual salary was $74,000, $84,000. $92,800, and $98,600 for years 1.2.3, and 4, respectively. DNL uses a five-year cliff vesting schedule. Annual before tax benefit 0 Javier recently graduated and started his career with DNL Inc. DNL provides a defined benefit plan to all employees. According to the terms of the plan, for each full year of service working for the employer, employees receive a benefit of 15 percent of their average salary over their highest three years of compensation from the company. Employees may accrue only 30 years of benefit under the plan (45 percent) Determine Javier's annual benefit on retirement, before taxes, under each of the following scenarios (Use Exhibit 13-1): (Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.) b. Javier works for DNL for three years and three months before he leaves for another job. Javier's annual salary was $74,000 $84,000. $92,800, and $98,600 for years 1,2,3, and 4. respectively. DNL uses a seven-year graded vesting schedule Annual before-tax benefit Javier recently graduated and started his career with DNL Inc. DNL provides a defined benefit plan to all employees. According to the terms of the plan, for each full year of service working for the employer, employees receive a benefit of 15 percent of their average salary over their highest three years of compensation from the company Employees may accrue only 30 years of benefit under the plan (45 percent) Determine Javier's annual benefit on retirement, before taxes, under each of the following scenarios (Use Exhibit 13-1): (Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.) c. Javier works for DNL for six years and three months before he leaves for another job. Javier's annual salary was $113,000, $123,000 $131,800, and $138,700 for years 4,5,6, and 7 respectively DNL uses a five-year cliff vesting schedule. Annual before tax benefit Javier recently graduated and started his career with DNL Inc. DNL provides a defined benefit plan to all employees. According to the terms of the plan, for each full year of service working for the employer, employees receive a benefit of 15 percent of their average salary over their highest three years of compensation from the company Employees may accrue only 30 years of benefit under the plan (45 percent). Determine Javier's annual benefit on retirement, before taxes, under each of the following scenarios (Use Exhibit 13-1): (Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount. Leave no answer blonk. Enter zero if applicable.) d. Javier works for DNL for six years and three months before he leaves for another job. Javier's annual salary was $113,000 $123,000. $131.800 and $138.700 for years 4.5.6 and 7 respectively. DNL uses a seven year graded vesting schedule Annual before tax berolit Javier recently graduated and started his career with DNL Inc. DNL provides a defined benefit plan to all employees. According to the terms of the plan, for each full year of service working for the employer, employees receive a benefit of 15 percent of their average salary over their highest three years of compensation from the company. Employees may accrue only 30 years of benefit under the plan (45 percent). Determine Javier's annual benefit on retirement, before taxes, under each of the following scenarios (Use Exhibit 13-1): (Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.) e. Javier works for DNL for 32 years and three months before retiring. Javier's annual salary was $222,500, $232,500, $241,300, and $252,000 for his final four years of employment. Note that in the year he retired he didn't work for the entire year, so he received only a portion of the annual salary. Annual before tax benefit

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