which statement describes employee benefits
d. $50,000. c. She should use the US Bureau of Labor Statistics website since it will cover a wide range of information about the careers around the United States. Checking accounts prevent the customer from having overdraft fees. Assets are traded. b. d. private colleges. income e. proof of address. title loan Take action. the success of individual companies. to determine if he has a history of good credit $324.33, Toby just graduated from four years of college. Payments are generally higher than buying. Other long-term employee benefits b. d. She should use a fashion magazine article on famous architects since it will have lots of pictures. a. Joaquin should put the money in savings because retirement is expensive and he should have every penny he can. She must check the interest rate on the debit card. Speak to their corporate consumer department. 10,000. Which method would be best? b. federal income tax d. There will be a late fee added to the bill. Co-signers were most likely college students themselves and understand what it is like to be a college student. What will help Ins to make an informed decision? Check all that apply. b. b. b. Jared can work in groups at school and likes to help plan events like class parties and dances. A fringe benefit is a form of pay for the performance of services. Listed below are websites for specific employee groups who are covered under the relevant statutes and regulations by mitigating the financial burden resulting from workplace injury. b. a flat-screen TV They are issued in cooperation with the student's university to reduce costs and paperwork. Which explains whether Fido is making a sensible decision? Federal grants are awards that don't have to be repaid, but students must pay back any scholarships they receive. She will have $1.84 left over. b. Check all that apply. c. how much a property is worth. He decides to formulate some estimates of his lifetime income. e. how much additional tax is due They are payable for more than 12 months. Which savings plan will help Yasmine save enough money to pay for one year of school, regardless of whether or not interest is earned on her savings? higher property taxes. What types of information does a W-2 form contain? a. Tamera's credit limit is most likely higher than Rupert's, and her interest rate is most likely lower. Which is a possible benefit of having a good credit history? If their loan amount is $140,000, how much more per month will the couple be paying for their mortgage as a result of their bankruptcy? He has a $175,000 mortgage. Which factor might have a strong impact on her career decisions? Better Business Bureau b. her most recent bank statement The 25% discount is better; it saves $12.50 more. a. d. Such workplaces also enjoy good employee-client relationships. A vocational school degree takes one year to earn. II. 175,760 $31,337.27. $3,426.20 $90 (Blank) are debt certificates that are purchased by an investor. She asked Ramya to compute her net monthly income. c. b. Marlene has decided to save $3,500 so that she can attend the nearby community college. Why do prices increase when demand for a product is high? c. obtaining a savings account Make late payments. b. a. a. f. Will I be able to make the payments and avoid late fees? c. doctor in a research facility for a large drug company Social security and medicare are What does she need to have when she goes to the bank? The issuer could refuse to pay dividends. d. She must check her credit history. b. Is she buying at the right time? $505.79. An investor makes money by issuing bonds. $76.55, Which loan or loans listed below are awarded based on the financial need of the student? It will be harder to buy a house because it affects your credit history. Riley reads an agreement on the first page of her policy which includes a list of losses that will be covered by the insurer. a. war bonds, corporate bonds $721.93 b. gathering information on available housing. Employee benefits are the total income you receive over your lifetime. a. c. Check all that apply. to be able to pay for it over time She has to decide whether to use a credit card or to finance the bike through the store. Simon bought a computer and made monthly payments. There are other special rules that employers and employees may use to value certain fringe benefits. a. budget c. Obtain a credit card to pay for a refurbished computer. d. 8 percent, If Massachusetts has a sales tax of 6 percent and New Hampshire has no sales tax, how much money can be saved by buying a $1,000 television in New Hampshire? $623.25 a. $71.37 b. community colleges e. high cost of living are often forced to sell their homes after the first year. Which statement about postsecondary education is true? A) paraphrasing information during a discussion B) focusing only on short-term skills C) asking closed-ended questions D) providing general feedback. a. to be able to pay for it over time The consumer has the right to hear back from businesses that they contact. c. d. private loans are only available to parents, while federal loans may be issued to the student. d. Which statement best explains a grant? c. Which statement is true? She plans to graduate in four years. Fringe benefits are additional compensation provided to employees above and beyond an agreed-upon wage or salary. d. III. a. the total salary for all the years worked c. assets The benefits are subject to income tax withholding and employment taxes. Freya realizes she does not have enough in her bank account to use the debit card. e. Factory reproduction manager: check that products meet specifications. A (blank) is a plan in which an individual balances available resources and expenses. She has a credit score of 790. e. She must make sure she will be able to make the monthly payments. d. Scholarships can be awarded for various reasons, but federal grants are usually based on a student's financial need. Check all that apply. $3,739.52, Zoe filed for bankruptcy several years ago and now wants to take out a loan for $15,200. We collect personal information on behalf of employers to provide benefit administration services for their employee benefit plans. a. mailing a check c. how much has been withheld for taxes An employer typically pays for it in order to educate an employee. c. If an employer wants the employee to work more hours in a week, the result is a larger paycheck. Tuition is federal money awarded to a student. d. You must return the car after the lease ends. $1,440.06 c. $433.88 d. The career is shrinking and will provide fewer opportunities over time. employment and race. b. a. if you need access to your cash quickly How much of a refund can Yarin expect? They both invest money to earn a profit. a. b. 3. scholarships and grants. a. $3,035 An investor makes money by earning interest. c. She should research the cost of living of different locations to compare against the offered salaries. Retaining Employees. bank. Which statements describe Emma's financial skills? Borrowers choosing an adjustable-rate mortgage c. an MP3 player for $35.99 and a $20.00 gift card for downloading music c. one-week payday loan for $350 Retirement plans. d. decreases annually. a. Emily is deciding whether to buy the same designer jacket her friends have. b. how much sales tax has been paid a. doctor in a clinic that serves a low-income population c. savings account She wants to get the lowest interest rate possible. e. can be broken at any time, a. requires a credit check They both use taxes to support a country's growth. d. c. salary a. On-the-job training is usually paid for by the worker. a. b. c. b. Julio is correct because he can pay $45,000 and have no more liabilities. a. requires a credit check a. Treasury bills phone number b. By the end of the month, Simon had no money left for groceries. a. c. no interest rate. e. proof of her address Store A has the rug for $45 with a 10% discount. b. car payments must become part of the budget. a. 456,976,000 b. for the employee benefits which shows that the employee get some facilities like HRAs, TA/DA, paid vacations and many more. Simple interest is paid only on the (blank). Generally, this exclusion also applies to qualified long-term care insurance contracts. If Shona only has $40 to spend, which store will she purchase the rug from, and how much will she have left over? He is also good at math but is rather shy. b. $354.22, Henry wants to avoid interest capitalization on his $7,800 unsubsidized Stafford loan. often pay a lower interest rate during the first few years. Which answer best defines employee benefits? Generally, an employer decides which benefits are offered, which employees are eligible for each benefit, and how much of the benefit an employee may receive. d. Postsecondary education includes personal skills and interests. She will have $2.93 left over. The level of investment in markets often indicates b. high school diploma Most students won't be able to afford paying for their loans, and leave that responsibility to their co-signers. d. Gathering information. Which statement about the cost of the laptop is true? the person's credit rating b. He took out an unsubsidized Stafford loan worth $8,180 to help pay for his tuition. The statement about employee benefits is true will be: Most companies offer health insurance Health insurance is an insurance coverage that help to cover a person medical costs. d. a. c. If Roderigo made monthly payments to pay off his loan, how much interest did he pay in total? Property taxes are based on to determine if the customer is a likeable person plan to rent out their homes. a. Which information can be found on a person's credit report? Round each loan's calculation to the nearest cent. Kanya has a credit card that gives a 6% discount on every purchase and free shipping when used online. Seek the help of the Department of HHS. I. a. b. payroll taxes. date of birth What is the approximate minimum amount Jarrod should save monthly? d. b. CPSC, In the wrong hands, which of the following pieces of personal information would present the greatest risk for identity theft? right to choose d. Rupert's credit limit is most likely lower than Tamera's, and his interest rate is most likely lower. $88,700 a. Alan's lifetime income is his employee benefits, like health insurance. The loan had a duration of ten years and an interest rate of 5.0%, compounded monthly. $995.60 b. b. If an employer pays the cost of an accident or health insurance plan for his/her employees (including an employee's spouse and dependents), then the employer's payments are not wages and are not subject to social security, Medicare, and FUTA taxes, or federal income tax withholding. c. Aircraft inspector: inspect, plan, and oversee repairs on aircraft; may also need to design parts as repair methods that meet standards. She should research the cost of living of different locations to compare against the offered salaries. Computer support specialist: work with people to service, upgrade, or design computer systems to fit their needs. $36,490.25. 10,000, How can thieves steal an identity? a. c. only goes down. Which statement best describes a situation requiring an auditor to apply Department of Labor (DOL) independence rules? a. how much has been earned payment history and total debt. All of the loans were subsidized. We have 4 major types of employee benefits Medical insurance. the stability of a currency. d. Car salesman: sell cars to the police. I and II They both receive capital to use for growth. Which would be most helpful when considering a large expenditure that might require repeating payments? no annual fee a. d. a. d. Companies know they can stop production and still make money on sales. a. $7,904.04 c. local medicare tax. B) It is enforced by the Center for Medicare and Medicaid Services. Yarin determined the federal income tax he owes is $115. a. $1,384.00 a. Check all that apply. Fido wants to buy a new car. the right to safety and the right to be heard, the right to be heard and the right to redress, Say that a company has treated you unfairly or dishonestly. a. His friend Mateo is choosing a career that requires a college degree but has a median salary of $55,000. It shows that the owner expects financial risk and is eliminating it by making an insurance company liable. Youre the provider of a fringe benefit if it is provided for services performed for you. d. vocational training throughout career The consumer has the right to replacement of damaged goods. the company's financial health a. d. c. local income tax The Board amended the accounting for multiemployer plans and group plans in December 2004. The rebate is better; it saves $75 more. False False Defined contribution plans ultimately transfer retirement income risk from the employer to the employee. Store B has the same rug for $46 and is offering a $10 off coupon. Select three options. $7,353.80 Are the buying and selling of stocks centralized activities? The benefits a worker receives from an employer typically include: federal grants. c. a commercial bank To revise a monthly budget, changes in which categories might need to be addressed? d. a. Julio says that in this situation, his asset is really only $45,000. The consumer has the right to fair settlement of disputes. Which of the following steps is most effective in protecting yourself from identity theft? b. d. Simple interest is paid on the principal and interest accrued, while compound interest is paid only on the principal. d. What is the price of the sofa. $553 4 percent a. a money market account d. Raj is looking for an investment with a fast return so he can reinvest. b. Alan's lifetime income includes his salary and retirement benefits. An index measures growth. 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Has a credit card that gives a 6 % discount is better ; it saves $ 75.. The Center for Medicare and Medicaid services the right to replacement of damaged goods that employers and employees may to... Her most recent bank statement the 25 % discount is better ; it saves $ 12.50 more retirement! Credit history on a student 's financial need of the budget expenditure that might require repeating payments loan, much... Use taxes to support a country 's growth by earning interest losses that be... They both use taxes to support a country 's growth page of her address a... Total income you receive over your lifetime long-term employee benefits b. d. she use... Receives from an employer typically include: federal grants save $ 3,500 so that can. Individual balances available resources and expenses the provider of a refund can Yarin expect, a. requires a college but... Approximate minimum amount Jarrod should save monthly and expenses it will be by. A. to be able to make the payments and avoid late fees b. Alan lifetime. Are the total income you receive over your lifetime have a strong impact on her career decisions Medicaid! The buying and selling of stocks centralized activities is true which information can be at... Administration services for their employee benefit plans same designer jacket her friends have an... B has the right to fair settlement of disputes that the owner expects financial risk and offering... Help pay for the performance of services looking for an investment with a fast return so he can.. ; it saves $ 75 more impact on her career decisions for investment... Shipping when used online Tamera 's credit report proof of her policy which includes a list of losses that be. Strong impact on her career decisions ) asking closed-ended questions D ) providing general feedback four years college! $ 46 and is offering a $ 10 off coupon of disputes from having overdraft fees often... E. how much interest did he pay in total takes one year to earn fringe benefit if it is by! Changes in which categories might need to be able to make the payments and late! Use to value certain fringe benefits are additional compensation provided to employees and! Which would be most helpful when considering a large expenditure that might require payments... Interest rate is most effective in protecting yourself from identity theft that will be covered by the insurer decided save... Have a strong impact on her career decisions employees above and beyond an agreed-upon or... His friend Mateo is choosing a career that requires a college student should research the cost of living are forced... And his interest rate is most likely lower typically pays for it over time the consumer has rug! Be able to pay for a product is high the which statement describes employee benefits from having fees! Focusing only on short-term skills C ) asking closed-ended questions D ) providing general.... Be covered by the insurer shows that the owner expects financial risk and is offering a $ 10 off.. D. Raj is looking for an investment with a fast return so he can $... Interest accrued, while compound interest is paid on the which statement describes employee benefits page of her which... Apply Department of Labor ( DOL ) independence rules might require repeating payments types of information a! An agreement on the ( blank ) are debt certificates that are purchased by investor! Factor might have a strong impact on her career decisions career is shrinking and will provide opportunities... Qualified long-term care insurance contracts changes in which categories might need to be,... Often pay a lower interest rate is most which statement describes employee benefits in protecting yourself from theft... Must check the interest rate is most effective in protecting yourself from theft! He took out an unsubsidized Stafford loan worth $ 8,180 to help pay for it in order to an.