The City of Ronchester has a defined benefit pension plan for its firefighters. How is the amount of pension expense determined that should be recognized in the current year?

Explain how distributions from a qualified pension plan, which are made in the form of annuity payments, are reported by an employee under the following circumstances: No employee contributions are made to the plan. The pension plan provides for matching employee contributions. a. b. C a. Explain how distributions from a qualified pension plan, which are made in the form of annuity payments, are reported by an employee when no employee contributions are made to the plan. O A. The distributions are only taxable to the employee once the taxpayer is retired. O B. The distributions are only taxable to the employee once the taxpayer reached 65 of age. O C. The distributions are fully taxable to the employee when the payment is received. O D. The distributions are not taxable to the employee when the payment is received.

Please provide proper tables for each requirement. For the spreadhseet as well as the journal entries so it is easy to understand. Tables with titles and calculations and accounts etc.

Please help me.  Thankyou.

How do I go about calculating pension payouts to determine a company's financial obligation? Additional info is below: Postretirement BenefitsPeyton Approved has revised its postretirement plan. It will now provide health insurance to retired employees. Management has requested that you report the short- and long-term financial implications of this. The company is currently employing 60, and actuaries estimate that the company has a pension liability of $107,041.70. The estimated cost of retired employees’ health insurance is $43,718.91. Prepare adjusting entries for the pension liability and the health insurance liability

Provide some examples of Defined Contribution Pension Plans in the State of Washington

Can someone please help me understand this question and answer. thank you

Cullumber Company sponsors a defined benefit pension plan. The corporation's actuary provides the following information about the plan. Vested benefit obligation Accumulated benefit obligation Projected benefit obligation Plan assets (fair value) Settlement rate and expected rate of return Pension asset/liability Service cost for the year 2020 Contributions (funding in 2020) Benefits paid in 202- Actual return on the plan assets $ Net pension liability gains and losses $ (a) Compute the actual return on the plan assets in 2020. Net gain or loss amortization January 1, 2020 $1,640 (d) Compute pension expense for 2020. Pension expense 2,060 $ $ 2,390 1,770 620 230 December 31, 2020 $2,060 2,610 3,230 2,490 (b) Compute the amount of the other comprehensive income (G/L) as of December 31, 2020. (Assume the January 1, 2020, balance was zero.) (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) 10 % ? (c) Compute the amount of net gain or loss…

The factors affecting pension expense are not always obvious.As the accountant for Sunlight City, you determine the following with respect to the city's pensions in a particular year.Service cost     $356,000Interest on total pension liability     400,000Actual earnings on pension plan investments     500,000Projected earnings on pension plan investments     450,000Employer contribution to the plan     180,000Benefits paid to retirees     211,000    Based on the information provided, what should the city report as its pension expense for the year?    Suppose that the benefits paid to retirees were actually $251,000 rather than $211,000. How would that affect the pension expense? Explain.    Suppose also that the city failed to contribute anything to the pension plan.        How would that affect the pension expense to be reported on the government‐wide statements? Explain.        How would it affect the pension expenditure to be reported on the statements of the general fund?

What is an accurate description of vested rights concerning a pension plan? Question 5 options: a) Rights to receive accrued interest over the life of the plan b) Rights of survivorship to receive at least the interest accrued if the deceased at time of death c) Rights to at least 50% of the initial lump sum payment d) Rights to pension benefits based on employee's/firm's contributions