Hruska Corp. provides post-employment benefits to its retirees for dental and supplementary health care. The following information relates to these benefits: Benefit obligation, 1 January 20X6 Current service cost for 20X6 SPP Accrued net OPEB liability, 1 January, 20X6 Accumulated OCI, OPEBs, 1 January 20X6, loss Fund assets, 1 January 20X6 Contributions to the benefit fund for 20X6-paid 1 April Benefit payments to retired employees for 2016 evenly over year Actual return on fund assets Yield rate on long-term corporate bonds Projected obligation Plan assets $74, 000 18, 500 13, 500 28,000 60, 500 9, 500 OPEB expense 14, 500 600 Note: The solution to this question is based on an optional spreadsheet. Required: 1. Compute the benefit obligation for post-employment benefits at 31 December 20X6 and plan assets at 31 December 20X6. (Round your intermediate and final answers to nearest whole dollar.) 6% 2. Compute the appropriate expense for post-employment benefits for the year ended 31 December 20X6. (Round your intermediate and final answers to nearest whole dollar.)

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Employee Benefits

In an organization employees are the most important resource and most important asset. They can lead an organization to the sky or can be the reason for unsuccessful of business. Therefore, it is very much important that employees of an organization should be satisfied by the environment of the organization and most importantly with the salary, wages incentives, etc.