8. You recently retired with 35 years of pensionable service and averaged $50,000 over your best consecutive 60 months. Your company pays out 1.5% for each year of service based on the above salary average. What is your retirement pay as a percent of your "best consecutive 60 months" average salary? 42.8% 47.8 45.0% 49.5% 52.5%

8. You recently retired with 35 years of pensionable service and averaged $50,000 over your best consecutive 60 months. Your company pays out 1.5% for each year of service based on the above salary average. What is your retirement pay as a percent of your "best consecutive 60 months" average salary? 42.8% 47.8 45.0% 49.5% 52.5%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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