Arizona State University BUS BUS MISC provide solutions111 War and Economic Recovery Imperial forces have…
Sanjay is a member of his company’s defined benefit pension plans. When considering contributions to DB plans, identify the statements that are true:
1.The employer’s contribution amount is calculated as a percentage of the plan member’s earnings.
2.The employee is ultimately responsible for the plan’s solvency.
3.Employer contributions into the plan are a tax-deductible business expense if the contribution calculation adheres to CRA’s prescribed guidelines.
4.The annual benefit entitlement is restricted by the maximum pension rule.
a. 3 and 4
b. 1 and 2
c. 1 and 3
d. 2 and 4
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