pensions

I started part A, However, I am in need of help to make it sound good.

III. Income Taxes
A. If Congress voted to eliminate corporate taxes, what would be the effect on your companys income statement and balance sheet? Defend your
response.
B. Calculate the income tax rate for your chosen company. What effect will an increase in income of $2,000,000 have on your company?
C. What are the effects on the balance sheet and income statement? Justify your response.
D. How much did your company pay in foreign taxes last year? What percentage of its income in the United States vs. foreign?
V. Pensions
Address the following elements in the form of a memo to your CEO:
A. From your companys financial information, what type of pension plan does it have? Discuss the reasons why your company has chosen this particular plan.
B. What was the effect of the pension plan on your companys financial statements? Defend your response.
C. Your CEO has informed youthe controller of your companythat the board of directors has made the decision to look at other options of
types of retirement plans. Investigate what other alternatives would be available, and determine which would be appropriate for your particular company.

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