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Alicia has been working for JMM Corporated for 32 years. Alicia participates in JMMs defined...

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Accounting

Alicia has been working for JMM Corporated for 32 years. Alicia participates in JMMs defined benefit plan. Under the plan, for every year of service for JMM, she is to receive 2 percent of the average salary of her three highest consecutive calendar years of compensation from JMM. She retired on January 1, 2021. Before retirement, her annual salary was $570,000, $600,000, and $630,000 for 2018, 2019, and 2020.

What is the maximum benefit Alicia can receive in 2021?

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