The following information relates to Hatami Company's defined benefit pension plan during the current reporting year: Plan assets at fair value, January 1 $ 600,000,000 Expected return on plan assets 50,000,000 Actual return on plan assets 40,000,000 Contributions to the pension fund (end of year) 90,000,000 Amortization of net loss 0 Pension benefits paid (end of year) 32,000,000 Pension expense 60,000,000 Required: Determine the balance of pension plan assets at fair value on December 31. (Enter your answers in millions. Amounts to be deducted should be indicated with a minus sign.)

Complete plan is given below:

Explanation:

Computation of balance. pension plan assets at fair value on December 31                                                            

Plan Assets at Fair value, December 31=$698,000,000

a.

hi : ) i found this so i hope this !

"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"