Answer:
Is a contractual agreement between an employer and its employees in which the employer provides benefits to employees after they retire.
Explanation:
A pension plan is a contractual agreement between an employer and its employees in which the employer provides benefits to employees after they retire.
Generally, there are two main types of pension plans offered by pension funds administrators (pfa);
1. Defined-Benefit Plans: employees are guaranteed to receive a definitive amount of money upon retirement by their employer.
2. Defined-Contribution Plans: employees make certain contributions of money in line with their employer's pension plans.
<span>The answer is B. Posting the date.
Here's the sequence of posting procedures.
First, Posting the date.
Second, posting the amount of the transactions.
Third,posting the page number of the journal in the Post. Ref. column of the ledger account.
And lastly, recording the posting ref. information</span>
Answer: The authorization of funds for the museum is an example of an earmark.
Explanation:
Earmarking is the act of setting aside particular fund for a specific purpose.
In the United States, earmarks are directive from the Congress that funds should be allocated and spent on certain projects.
For example, one can say the prime minister has earmarked three billion dollars for the construction of new hospitals. The expenditure on the funding of the public art museum is an earmark.
Answer:
b. the cost recovery deduction is $13,650
Explanation:
The computation of the cost recovery deduction is given below;
Cost recovery = cost of apartment building × 0.455%
= $3,000,000 × 0.455%
= $13,650
We multiply the cost of department building with the percentage i.e. 0.455% so that the cost recovery deduction could come
hence, the cost recovery deduction is $13,650
Tax rate
Explain
I am a tax person