Determine the maximum annual benefis payable to a participant from a defined benefit plan in the following independent situations:a. Frank, age 66, has been a partiipant for 17 years, and his highest average compensation for 3 years is $127,300. b. Ellen, age 65, has bee a partiipant for 9 years (11 years of service), and her highest average compensation for 3 years is $102,600.
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