Question: QUESTION 6 0.5 points Lisa is enrolled in a defined benefit plan. She has worked 6 years for the plan. Her salaries were $25,000, $30,000,

 QUESTION 6 0.5 points Lisa is enrolled in a defined benefit

QUESTION 6 0.5 points Lisa is enrolled in a defined benefit plan. She has worked 6 years for the plan. Her salaries were $25,000, $30,000, 535,000, $40,000, 545, 000, and $50,000. The defined benefit plan allows for a benefit of 3% for every year of service of their average salary for their three highest years. The company uses a 7-year vesting schedule. What annual benefit has Lisa vested? (also known as her taxable benefit) $540 $3,240 $6,480 $1,080 QUESTION 7 1 points Sherry, age 34, participates in a defined contribution plan. The plan uses 5 year cliff vesting. She has worked at her employer for 3 years. In total, she has made employee contributions of $30,000. Her employer has matched 70% and made an additional $21,000 cont ribution Sherry decides to close the plan and fully withdraw everything. How much does Sherry's tax increase due to this withdrawal? She is in the 24% marginal tax bracket. $17,340 $12,240 $7,200 $10,200

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