The following data are for Guava Company's retiree health care plan for the current calendar year. Number of employees covered 5 Years employed as of January 1 4 (each) Attribution period 20 years EPBO, January 1 $ 60,000 EPBO, December 31 $ 63,600 Interest rate 6 % Funding and plan assets None What is the correct entry to record postretirement benefit expense for the current year

Date                   Account Title                                         Debit          Credit

December 31    Postretirement benefit expense       $3,900

                           APBO                                                                       $3,900

Explanation:

Service cost = Ending EPBO / Attribution period

= 63,600 / 20

= $‭3,180‬

Interest cost = Beginning EPBO * Years employed / Attribution period * Interest rate

= 60,000 * 4/20 * 6%

= $‭720‬

Postretirement benefit expense = 3,180 + 720

= $3,900

Credit to Accumulated Postretirement Benefit Obligation (APBO).

the answer is: c.that person might be arrested and deported

filling w-4 form incorrectly usually would rise suspicions from government's auditors. when they notice such mistakes, they would send their teams to investigate the situation further.

if those investigation teams believe that the incorrectness is done on purpose (with malicious intent), that person can be arrested or deported

a

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