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Exercise 19-2 cu lumber L d provides a de ned contributionens on plan ar its en Dynes. Currently the company has 5D ull timo and
Exercise 19-2 cu lumber L d provides a de ned contributionens on plan ar its en Dynes. Currently the company has 5D ull timo and 74 part-time em 1oyne s part-time employee, regardless of their annual salary. In additian, employees can match the employer's contribution in any given year ven yean The pension plan requires the company to make an annual can ribution a $2,10 per ull-time emp vee and $ 1,aso as per At the beginning of the year, 11 full-time and 15 part-time employees elected to contribute to their pension plan by matching the company's contribution. An equal amount of funds was withheld from the employees cheques in order to fund their pension contribution Both the employees and emplover's contributions are sent to the plan trustee at year end. Your answer is incorrect. Try again. What amaunt of annual pension expense will the company report? Pension expense to be reported
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