EBK ACCOUNTING PRINCIPLES
EBK ACCOUNTING PRINCIPLES
13th Edition
ISBN: 9781119411017
Author: Weygandt
Publisher: WILEY
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Chapter 11, Problem 22Q
To determine

Pension: After the retirement, the monthly amount an employee receives from the employer is known as pension. During the employment, both employee and employer contribute to pension funds. Some employers do not deduct this from employees and contribute alone.

To Explain: The difference between defined-contribution pension plan and defined-benefit pension plan.

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