{"id":248498,"date":"2025-07-08T12:18:14","date_gmt":"2025-07-08T12:18:14","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=248498"},"modified":"2025-07-08T12:18:16","modified_gmt":"2025-07-08T12:18:16","slug":"as-part-of-their-employee-benefi-ts-all-workers-at-middletown-electronics-receive-a-pension-that-is-calculated-by-multiplying-the-number-of-years-worked-times-1-65-of-the-average-of-their-three-highe","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2025\/07\/08\/as-part-of-their-employee-benefi-ts-all-workers-at-middletown-electronics-receive-a-pension-that-is-calculated-by-multiplying-the-number-of-years-worked-times-1-65-of-the-average-of-their-three-highe\/","title":{"rendered":"As part of their employee benefi ts, all workers at Middletown Electronics receive a pension that is calculated by multiplying the number of years worked times 1.65% of the average of their three highest years\u2019 salary."},"content":{"rendered":"\n

As part of their employee benefi ts, all workers at Middletown Electronics receive a pension that is calculated by multiplying the number of years worked times 1.65% of the average of their three highest years\u2019 salary. Maureen has worked for Middletown for 27 years and is retiring. Her highest salaries are $97,000, $97,800, and $98,198. Calculate Maureen\u2019s pension.<\/p>\n\n\n\n

The Correct Answer and Explanation is:<\/mark><\/strong><\/p>\n\n\n\n

To calculate Maureen\u2019s pension, we need to follow these steps:<\/p>\n\n\n\n

Step 1: Calculate the Average of Maureen\u2019s Three Highest Salaries<\/h3>\n\n\n\n

Maureen\u2019s three highest salaries are $97,000, $97,800, and $98,198. To find the average, we sum these three values and then divide by 3.Sum of salaries=97,000+97,800+98,198=292,998\\text{Sum of salaries} = 97,000 + 97,800 + 98,198 = 292,998Sum of salaries=97,000+97,800+98,198=292,998<\/p>\n\n\n\n

Now, divide the sum by 3 to get the average:Average salary=292,9983=97,666\\text{Average salary} = \\frac{292,998}{3} = 97,666Average salary=3292,998\u200b=97,666<\/p>\n\n\n\n

Step 2: Calculate 1.65% of the Average Salary<\/h3>\n\n\n\n

Now that we have the average salary, we need to find 1.65% of it. To do this, multiply the average salary by 1.65% (or 0.0165).1.65% of average salary=97,666\u00d70.0165=1,612.491.65\\% \\text{ of average salary} = 97,666 \\times 0.0165 = 1,612.491.65% of average salary=97,666\u00d70.0165=1,612.49<\/p>\n\n\n\n

Step 3: Calculate the Pension<\/h3>\n\n\n\n

Finally, Maureen\u2019s pension is calculated by multiplying the result from Step 2 by the number of years she has worked (27 years).Pension=1,612.49\u00d727=43,528.23\\text{Pension} = 1,612.49 \\times 27 = 43,528.23Pension=1,612.49\u00d727=43,528.23<\/p>\n\n\n\n

Final Answer:<\/h3>\n\n\n\n

Maureen\u2019s pension is $43,528.23<\/strong>.<\/p>\n\n\n\n

Explanation:<\/h3>\n\n\n\n
    \n
  • We began by calculating Maureen\u2019s average salary based on her three highest-paying years.<\/li>\n\n\n\n
  • Then, we took 1.65% of that average salary, as the pension is based on this percentage.<\/li>\n\n\n\n
  • Finally, we multiplied this by the number of years Maureen worked to get her total pension amount.<\/li>\n<\/ul>\n\n\n\n
    \"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

    As part of their employee benefi ts, all workers at Middletown Electronics receive a pension that is calculated by multiplying the number of years worked times 1.65% of the average of their three highest years\u2019 salary. Maureen has worked for Middletown for 27 years and is retiring. Her highest salaries are $97,000, $97,800, and $98,198. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-248498","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/248498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=248498"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/248498\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=248498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=248498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=248498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}