Chartered Retirement Planning Counselor (CRPC) Practice Exam 2025 - Free CRPC Practice Questions and Study Guide

Question: 1 / 660

What is the average of the highest consecutive salaries for determining a pension benefit if they were $90,000, $100,000, and $110,000?

$90,000

$100,000

To find the average of the highest consecutive salaries, you need to total the provided salaries and then divide that by the number of salaries being averaged. In this case, the highest consecutive salaries are $90,000, $100,000, and $110,000.

First, you add these highest salaries together:

$90,000 + $100,000 + $110,000 = $300,000.

Next, since there are three salaries, you divide the total by 3 to find the average:

$300,000 ÷ 3 = $100,000.

This calculated average of $100,000 represents the typical amount over the top three salary years, which is often a key factor in determining pension benefits. Therefore, the average of the highest consecutive salaries is correctly identified as $100,000.

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$110,000

$300,000

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