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Belkin Co provides medical care and insurance benefits to its retirees. In the current year, Belkin agrees to contribute 5% of the employees' $440,000 gross

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Belkin Co provides medical care and insurance benefits to its retirees. In the current year, Belkin agrees to contribute 5% of the employees' $440,000 gross salaries to a retirement program. What is the amount of employee benefits expense for the current period? Multiple Choice $44 $176 $440 o o o $22.000 344,000

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