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Question - Veldre SpA provides the following information about its defined pension plan for the year 2019.
Service cost $90,000
Contribution to the plan 105,000
Benefits paid 40,000
Plan assets at January 1, 2019 640,000
Defined benefit obligation at January 1, 2019 700,000
Discount (interest) rate 10%
Required - Compute the pension expense for the year 2019.
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Brian and Kim have a 12-year-old child, Stan. For 2019, Brian and Kim have taxable income of $52,000, What would the tax on Stans income
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