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QUESTION 1 Austin Yard Corp. sponsors a defined benefit pension plan for its CEO, Sumeet. The plans benefit formula is belowQUESTION 2 The following information relates to the defined benefit pension plan of Operators Co. for the current year. Servi

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Answer #1

(2/100 × 8 × 900000)

1.120000.

(345000 + 300000

= 645000

(-) 76000

= 569000

(+) 2800000

= 3369000 × 5 %

2.337000.

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