DSD Corp. has the following salary information for an employee:
Employee Years Worked Average Salary last 3 years of service Career average salary
Sheila 15 $202,000 $196,000
If relevant, the annual payout is 9 percent, and the annual benefit is $5,000 per year of service, calculate the annual benefit for Sheila assuming the
Career Average Formula is used. (Do not round intermediate calculations. Round your answer to a whole number.)