licia has been working for JMM Corporated for 32 years. Alicia participates in JMM's defined benefit plan. ear of service for JMM, she is to receive 2 percent of the average salary of her three highest consecutive c ompensation from JMM. She retired on January 1, 2021. Before retirement, her annual salary was $570,000 or 2018, 2019, and 2020. What is the maximum benefit Alicia can receive in 2021?
licia has been working for JMM Corporated for 32 years. Alicia participates in JMM's defined benefit plan. ear of service for JMM, she is to receive 2 percent of the average salary of her three highest consecutive c ompensation from JMM. She retired on January 1, 2021. Before retirement, her annual salary was $570,000 or 2018, 2019, and 2020. What is the maximum benefit Alicia can receive in 2021?
Chapter4: Income Exclusions
Section: Chapter Questions
Problem 36P
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