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18. Q. Assuming that I earn the same amount in 1947, $6500, as in 1946, and that my flight hours will be 1000. What will my credit for service before 1948 be?

A. If you earned $6500 in 1947 and flew 1000 hours, the monthly compensation applicable to all your service to January 1, 1948, will be $541.67 a month. Therefore, your annuity credit for each year of service will be $6.4167. If you have five years of service prior to January 1, 1948 your annuity credit for that prior service will be $32.08 a month.

19. Q. I understand that the $32.08 in the preceding answer is five times $6.4167; and $6.4167 is $1 plus 1 per cent of $541.67. But how was $541.67 derived?

A. The monthly compensation applicable to prior service is calculated by dividing your 1947 pay by the number of flight hours used for pay purposes in that year, and multiplying the resulting average hourly pay by 83 1/3. Thus $6500 divided by 1000 is $6.50. The product of $6.50 miltiplied [[multiplied]] by 83 1/3 is $541.67. 

20. Q. I was hired as a co-pilot by an air line in July 1940. From April 1942 through August 1945 I served in the Army Air Forces. I came back to the air line as soon as I got out of the Army and I expect to earn $7200 for every 1000 flight hours in 1947. I worked or served in the Army in every month from July 1940 on. What will my annuity credit be for the service before January, 1948?

A. You will receive credit for your Army service, subject to one reservation, on the same basis as your service for the air line.