Pension and Income Tax Accounting

Question 1

How to calculate pension

Answer 1

SIRAGE

Question 2

S
I
R
A
G
E

Answer 2

S - SERVICE COST
I -  INTEREST ON PROJECTED BENEFIT OBLIGATION
R - RETURN ON PLAN ASSET
A - AMORTIZATION OF PRIOR SERVICE COST
G - AMORTIZATION OF GAIN OR LOSS
E - AMORTIZATION OF TRANSITION ASSET