hich of the following phrases describes employer contributions within a profit sharing plan? discretionary mandatory substantial and recurring fixed Select one: 1 and 3 1 only 2 and 4 1, 2, and 4

Q: A Defined Benefit Plan is a plan

A: There are several benefit plans available for the benefit of the employees working in different…

Q: Which of the following types of employee benefits are not covered by AASB 119/IAS 19?

A: The correct answer is: (D) Share- based payments. Because AASB 119/AS 19 are related to employee…

Q: All of the following statements correctly describe a Health Care Spending Account (HCSA), EXCEPT: O…

A: The concept of health care spending account is account for employee benefit.this account states that…

Q: 7 What are utilities, property taxes, and insurance all examples of? A O Contract contingencies. BO…

A: We first needs to understand all the terms given in the question to answer the question. Contract…

Q: A tax-advantaged pension plan, such as a 401(k), that both employer and employee may contribute that…

A: 401(k) is a defined contribution pension plan in which employee and employer can make contributions…

Q: Indicate by letter whether each of the events listed below increases (I). decreases (D), or has no…

A: The phrase "projected benefit obligation" (PBO) refers to the predicted amount of money that a…

Q: The three types of formulas used to determine pension benefits for defined benefit pension funds are…

A: According to the retirement plans of the employer, each employee has to set apart certain amount…

Q: Which of the following qualified plans is a defined benefit plan? Defined benefit pension plan…

A: A defined benefit plan, more commonly known as a pension plan, offers guaranteed retirement benefits…

Q: Saved Help Required payroll deductions include pension and health contributions, health and life…

A: The payroll deductions are the deductions, which are made by the employer over the gross salary of…

Q: ERISA (Pension Reform Act of 1974) provides guidance for actual return on plan assets minimum…

A: ERISA (Employee retirement security act) was enacted with a view to protect the interests of…

Q: Defined benefit pension plans   a stipulate contributions will be made to the employer’s…

A: Defined benefit pension plans are employer-funded retirement plans that guarantee a predetermined…

Q: Amounts that come from accounts of unvested employees that can be directed/contributed to the…

A: Unvested stocks are those stocks that are set aside for the employees which has not been vested due…

Q: Among the three measures of the pension obligation:                         VBO, ABO, and PBO the…

A: A pension plan is a plan which guarantees the employer of any entity to determine the benefit he can…

Q: Which of the following is a correct statement concerning the reporting of the pension plan on the…

A: The explanations are as follows

Q: The type of retirement income plan where the employer assumes the Investment risk is called Multiple…

A: Group RRSP (Registered Retirement savings plan) is a retirement saving plan in which contributions…

Q: 21 Which situation causes a defined contribution plan to be recorded as an asset for an employer? If…

A: An employer pays a certain amount, or a portion of an employee's income, to an individual account as…

Q: Ma1. Assume the below information about a firm’s defined benefit pension plan: Pension Fund…

A: Pension fund beginning balance cash funding by the actual investment income payments to retires…

Q: Which of the following correctly describes defined benefit (DB) pension plans? A-A typical example…

A: Defined benifit is also written as DB. It is the pension plan in which the employee will receive the…

Q: The following information pertains to Lasting Inc.'s defined benefit plan. Description Dec. 31…

A: Net defined benefit liability:Net defined benefit liability denotes the deficit or surplus between…

Q: Which of the following profit sharing allocation options provides for a combination of age and…

A: Answer:-  Profit sharing allocation meaning:- A profit sharing allocation plan is a defined…

Q: Which of the following may be ordinary income? Salary Government pension Lottery…

A: Income which come from regular day to day business operations known as ordinary Income

Q: In the discussion of employees' pension plans, your book talks about two pension plans - Defined…

A: Both contributed on regular basis.

Q: Sohar Aluminium is providing free housing and child education facilities to its employees.Identify…

A: The employers generally provides benefits to the employee in addition to basis salary with a view to…

Q: Help Save & Amortizing prior service cost for pension plans will: Multiple Choice Increase retained…

A: Ans. Prior service cost refers to an extra or an added benefit to the pension plan of an employee.