Question: Nike Co. maintains a qualified defined benefit plan providing each participant an annual benefit at retirement equal to the participant's years of services times one

Nike Co. maintains a qualified defined benefit plan providing each participant an annual benefit at retirement equal to the participant's years of services times one percent of final average compensation up to $20,000. This formula is an example of

A. a flat-amount formula.

B. an unit-credit formula.

C. a defined-contribution formula.

D. a flat-percentage formula.

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