Answer:
the amount of her annual benefit is $24,000
Step-by-step explanation:
The computation of the amount of her annual benefit is as follows:
= Given percentage × average salary × number of years of service
= 2% × $80,000 × 15 years
= $24,000
Hence, the amount of her annual benefit is $24,000
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Based on the information given the amount of her annual benefit is $24,000.
Using this formula
Annual benefit= Annual retirement benefit percentage × Average salary × Years of service
Where:
Annual retirement benefit percentage=2% or 0.02
Average salary=$80,000
Years of service=15 years
Let plug in the formula
Annual benefit= 0.02 × $80,000 × 15 years
Annual benefit=$24,000
Inconclusion the amount of her annual benefit is $24,000.
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