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QUESTION 1 A government makes a contribution to its pension plan in the amount of $10,000 for year 1. The actuarially-determined annual required contribution for
QUESTION 1
A government makes a contribution to its pension plan in the amount of $10,000 for year 1. The actuarially-determined annual required contribution for year 1 was $13,500. The pension plan paid benefits of $8,200 and refunded employee contributions of $800 for year 1. What is the pension expenditure for the general fund for year 1?
- $8,200
- $9,000
- $10,000
- $13,500
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