Which of the Following Is NOT a Familial Relationship Recognized

question 20

Multiple Choice

Which of the following is NOT a familial relationship recognized by the census?

• A) family by birth
• B) personal family
• C) married family
• D) adopted children

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Definitions:

Actuarial Loss

occurs when the actual experience under a pension plan deviates from expected assumptions, resulting in higher costs than projected.

Pension Expense

The cost recognized by an employer for maintaining a defined benefit pension plan for its employees over a specific period.

Plan Assets

Assets that are held within a pension or retirement plan for the purpose of funding participant benefits.

Actuarial Loss

A loss recognized when the actual experience under a pension plan deviates from expected assumptions, resulting in increased liabilities or decreased assets.