Determine the pertinent vesting percentage for the following employees. a. Jun has 9 years of...
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Accounting
Determine the pertinent vesting percentage for the following employees.
a. Jun has 9 years of service completed as of September 16, her employment anniversary date. If her defined benefit plan has a three-year cliff vesting schedule, _____% of Jun's accrued benefits are vested. If the plan uses the graded vesting rule, Jun's nonforfeitable percentage is _____%.
b. Cybil has 3 years of service completed as of July 5, her employment anniversary date. If her defined contribution plan uses a two-to six-year vesting plan, her nonforfeitable percentage is fill in the _____%.
Exercise 19-11 (Algorithmic) (LO. 2) Determine the pertinent vesting percentage for the following employees. Click here to access Exhibits 19.1 and 19.2. a. Jun has 9 years of service completed as of September 16 , her employment anniversary date. If her defined benefit plan has a three- year cliff vesting schedule, % of Jun's accrued benefits are vested. If the plan uses the graded vesting rule, Jun's nonforfeitable percentage is %. b. Cybil has 3 years of service completed as of July 5 , her employment anniversary date. If her defined contribution plan uses a two-to sixyear vesting plan, her nonforfeitable percentage is %
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