Response to the following questions:
1. In what ways do postretirement health-care and life insurance benefit plans differ from postretirement pension plans?
2. Why is an end-of-year adjusting entry for property taxes often necessary?
3. In your opinion, what is the primary objective of determining pretax financial accounting income? How does this objective differ from the objectives of determining taxable income as defined by the IRS?
If possible, please give examples to better understand your answers.