Question: Sandhill Limited provides a defined contribution pension plan for its employees. The plan requires the company to deduct 5% of each employees gross pay for
Sandhill Limited provides a defined contribution pension plan for its employees. The plan requires the company to deduct 5% of each employees gross pay for each payroll period as the employee contribution. The company then contributes 79 of the gross pay for the enploper contribution. Both amounts are remitted to thepension trustees within 10 days of the end of each month for the previous monthis payrolld. Ar November 30,2023, Sanchill reported $29.200 of combined withheld and matched contributions owing to the truteen. During Dicember, Sandhili reported gross salaries and wages eqpense of $261,200. (b) What anount of defined benefit copense will the company report for December 2023 ? Defined benefit expense to berimarted
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