What is the meaning of the term overfunded in terms of a pension plan? What are the advantages and disadvantages to the corporation and its employees of an overfunded pension plan?
Answer to relevant QuestionsWhat role does the actuary play in deciding on whether the fund is overfunded or underfunded? How does this role affect dynamic tax-planning strategies for the pension fund? Suppose an employer wishes to provide an employee with $1,000 to pay for medical benefits when the employee retires in 25 years through a sweetened pension plan payment. The retiree’s expected tax rate in retirement is ...Why do countries with worldwide tax systems give foreign tax credits? What is the difference between a direct foreign tax credit and an indirect (deemed paid) foreign tax credit? Carolina Industries is a U.S. corporation with a wholly owned Argentinean subsidiary that has $400 million of accumulated earnings and profits. Carolina Industries has in the past reinvested foreign income in the country ...
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