The carrasco company has provided you the following information pertaining to its defined benefit pension plan that was adopted on january 1, 2018:
the service cost was $750,000 during 2018 and $1,125,000 during 2019.
the contribution to the pension plan was $600,000 on december 31, 2018 and $1,200,000 on december 31, 2019.
the actuarially determined discount rate and the expected return on plan assets are both 10%.
the actual return on plan assets was 10.5%.
retirement benefits pertaining to years of service prior to 2018 were not granted to the employees.
what is the pension expense for the year ended december 31, 2019?
$1,140,000
$1,065,000
$1,200,000
$1,137,000

Robert owns a life insurance policy that he purchased when he first graduated college. it has a $100,000 death benefit and robert pays premiums for it every month out of his checking account. the insurance robert has is most likely da. permanent life insurance o b. term life insurance o c. group life insurance o d. individual life insurance

Which of the following describes a situation in which there would be decreasing marginal utility? a. buying only necessities. b. buying a car to substitute for riding the bus. c. buying food in bulk to save money in the long run. d. buying a second winter coat.

Alamar petroleum company offers its employees the option of contributing retirement funds up to 5% of their wages or salaries, with the contribution being matched by alamar. the company also pays 80% of medical and life insurance premiums. deductions relating to these plans and other payroll information for the first biweekly payroll period of february are listed as follows: wages and salaries $ 2,800,000 employee contribution to voluntary retirement plan 92,000 medical insurance premiums 50,000 life insurance premiums 9,800 federal income taxes to be withheld 480,000 local income taxes to be withheld 61,000 payroll taxes: federal unemployment tax rate 0.60 % state unemployment tax rate (after futa deduction) 5.40 % social security tax rate 6.20 % medicare tax rate 1.45 % required: prepare the appropriate journal entries to record salaries and wages expense and payroll tax expense for the biweekly pay period. assume that no employee's cumulative wages exceed the relevant wage bases for social security, and that all employees' cumulative wages do exceed the relevant unemployment wage bases.