Hubbard, inc. received the following information from its pension plan trustee concerning the operation of the company's defined-benefit pension plan for the year ended december 31, 2015. 1/1/15 12/31/15 projected benefit obligation $11,400,000 $11,760,000 pension assets (at fair value) 6,000,000 6,900,000 accumulated benefit obligation 2,400,000 2,760,000 net (gains) and losses -0- 240,000 the service cost component of pension expense for 2015 is $890,000 and the amortization of prior service cost due to an increase in benefits is $180,000. the settlement rate is 10% and the expected rate of return is 8%. what is the amount of pension expense for 2015? a. $1,766,000b. $1,730,000c. $1,658,000d. $1,490,000

In year 1, the bennetts' 25-year-old daughter, jane, is a full-time student at an out-of-state university but she plans to return home after the school year ends. in previous years, jane has never worked and her parents have always been able to claim her as a dependent. in year 1, a kind neighbor offers to pay for all of jane's educational and living expenses. which of the following statements is most accurate regarding whether jane's parents would be allowed to claim an exemption for jane in year 1 assuming the neighbor pays for all of jane's support? a. no, jane must include her neighbor's gift as income and thus fails the gross income test for a qualifying relative. b.yes, because she is a full-time student and does not provide more than half of her own support, jane is considered her parent's qualifying child. c.no, jane is too old to be considered a qualifying child and fails the support test of a qualifying relative. d.yes, because she is a student, her absence is considered as "temporary." consequently she meets the residence test and is a considered a qualifying child of the bennetts.