What Is the Pension Expense for the Following Plan? "The

question 40

Multiple Choice

What is the pension expense for the following plan? "The company must contribute $100/year for each of its 500 employees.The plan hopes to accumulate enough funds so that retirees receive $10,000 in the future; the plan does not guarantee the investment returns to the employees."

• A)$100
• B)$10,000
• C)$50,000
• D)$5,000,000

---

Definitions:

Modern Phenomenon

A trend, behaviour, or situation that is characteristic of contemporary society or recent times.

Central Americans

People originating from or living in the Central American region, which includes countries like Guatemala, Honduras, El Salvador, Nicaragua, Costa Rica, Belize, and Panama.

Large Gathering

An event where a significant number of people come together, which can be for various purposes such as celebrations, protests, or meetings.

Smoking

The act of inhaling and exhaling the smoke of burning tobacco or other substances, often associated with health risks.