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The Defined Benefit Plan: A Powerful Retirement Savings Tool for High Earners
Learn about the advantages and considerations of defined benefit plans for high-earning professionals and business owners.
2 months ago
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TKE Corporation established a defined benefit pension plan in2016. TKE has provided the following information for the year endedDecember 31, 2018:Service cost90,000Interest cost120,000Actual return on plan assets70,000Expected return on plan assets80,000Amortization of prior service costs30,000The pension expense for 2018 is:Multiple Choice160,000.120,000.90,000.170,000.
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