which statement describes employee benefitswhich statement describes employee benefits

Which would be most helpful when considering a large expenditure that might require repeating payments? a high interest rate. not being able to purchase a car or home a. utilities The rebate is better; it saves $75 more. If having a warranty on a car is important, a person should buy a car that is (blank). I. c. a. the monthly savings amount. He also has a skateboard worth $95.Which are Brandon's assets? Tamera and Rupert each applied for the same credit card through the same company. d. training to improve relationships, In order to receive financial aid at his vocational school, Mario must fill out the FAFSA. The Department of Labor's Health Benefits Under the Consolidated Omnibus Budget Reconciliation Act (COBRA) provides information on the rights and protections that are afforded to workers under COBRA. b. b. Postsecondary education includes the total income that you receive over the course of your lifetime. c. c. training to learn a new hobby a. c. improvements to a home 358,800,000 the hourly pay rate. Kenya used money directly from her bank account to buy the jeans. a. d. a car to be used for transportation to and from work, Which payment option provides consistency in on-time bill payment? Postemployment employee benefits include all of the following, except a. Postemployment medical care b. Check all that apply. c. benefit. Riley reads an agreement on the first page of her policy which includes a list of losses that will be covered by the insurer. d. Check all that apply. higher property taxes. Make late payments. An investor makes money by raising capital. b. Julio is correct because he can pay $45,000 and have no more liabilities. social security number. It contains many types of information, including: She must be sure there is at least $135 in her bank account for the purchase. The loan term is four years, and her payments are $819.20 per month. Which best describes why investing can be such a challenge? Select three options. a. careful consideration of short-term goals. d. corporate taxes. superior prospects for short-term gains. Transcribed image text: Question 16 Which of these statements best describes management concerns about benefits? These benefits include medical insurance, employee compensation, employment and family leave insurance. Visit the websites of all of the companies to learn more about them. True b. Pay more than the minimum amount that is due. $43.68 1,679,616. to help people save money Which questions should Freya answer before using a credit card? Treasury bills d. a checking account. c. b. Joaquin should put the money in savings because it will grow quickly with interest that he can use in retirement. The FAFSA is a form that must be completed to determine college admission (blank 1) Julio has a house worth $220,000. 4 percent b. expense no annual fee c. c. Julio is not correct because the same item cannot represent both an asset and a liability. 4,500 b. medical and dental coverage. Round all dollar values to the nearest cent. The 25% discount is better; it saves $12.50 more. right to be heard Debit. He can purchase a new computer for $279 or a refurbished [repaired or renovated] computer for $100. Get information. c. A student loan must be paid back, but a scholarship is not paid back. Which explains why he should establish a positive credit history before buying the house? a. a. training to prepare for a career a. long service leave) and termination benefits. Brenden wants to set aside money for times when he may be without work due to illness or layoffs. Is she buying at the right time? Employee benefit are funded by an organisation for the benefit of the employee and includes various services and programmes as well as addition to compensation in the form of wages and salaries. high interest rate. c. Checking accounts are processed immediately so customer and bank records always match. $860, What is one cost of avoiding insurance? d. If Claudius started paying off the loan when he graduated, what is his monthly payment? Select three options. b. a. b. out-of-pocket medical expenses b. $461 d. private loans are only available to parents, while federal loans may be issued to the student. It will be easier for him to get a loan to buy the house. Check all that apply. $7,834.32 an inquiry from a bank that requested the person's credit report. $225 per month for 3 years $71.37 a. how much has been earned e. She should take the position that has the lowest cost of living. They are issued in cooperation with the student's university to reduce costs and paperwork. $2,200 c. Lydell reads and signs the privacy policy at his doctor's office that says they only share information with pharmaceutical companies. b. current address, monthly income, car loan payment history, date of birth assets d. the career's employee benefits. How many different passwords are possible? How many different passwords are possible? Health insurance programs allow workers and their families to take care of essential medical needs. to help people invest in small businesses Kenya will pay for the jeans over time. The issuer could go bankrupt. d. c. d. If Kanya uses the credit card and pays the full balance during the billing cycle, she will spend $25.20 less than paying cash for the laptop. The federal income tax withholding from his pay was 9% of his gross pay. IAS 19 Employee Benefits replaced IAS 19 Accounting for Retirement Benefits in the Financial Statements of Employers (issued in January 1983). c. It shows that the owner is willing to share ownership of the business to reduce financial risk. The issuer may not raise enough capital. She must check the interest rate on the debit card. b. Alan's lifetime income includes his salary and retirement benefits. A monthly fixed rate mortgage payment Which educational institutions typically cost the most to attend? c. a commercial bank The statement describes employee benefits is Compensation employees receive from employer over and above their income. He will be able to get a higher interest rate when buying the house. Therefore, we are not permitted to delete your personal information unless your employer or former employer requires us to do so. Select three options. Fido decides to wait for a few months until his credit history improves. a. Jared can work in groups at school and likes to help plan events like class parties and dances. d. b. training to improve one's health c. The auditor provides audit a. An investor makes money by being repaid for the principal. d. b. credit scores increase as equity increases. b. market performance 158,184 She wants to be sure that she is earning interest on her money and can add to her savings. Someone buys a new boat with a loan from a boat dealer. She decides to use a credit card instead. e. Can I pay at least the minimum payment each month? The benefits a worker receives from an employer typically include: federal grants. Throw away credit card applications in the garbage. Which purchase will he be able to pay for with cash? Building equity in a home is a good thing because b. Companies know that people will be willing to spend more to get an in-demand product. Which answer best defines employee benefits? c. She should contact the police about possible theft. Kanya wants to buy a laptop that costs $420. They have a history of not making their payments on time. Which statement describes an hourly wage job? An index measures economic trends. Prices fluctuate on the basis of demand. a. a. d. The bank will charge a fee for having a negative balance. Employee benefits include any education you acquire beyond high school. They both use taxes to support a country's growth. c. obtaining a savings account b. the amount of cash saved Round to the nearest dollar. The jacket is much more expensive than a similar one from a lesser-known brand. Simple interest is paid on the principal, while compound interest is paid on the principal and interest accrued. Store B has the same rug for $46 and is offering a $10 off coupon. The consumer has the right to replacement of damaged goods. In a defined benefit plan, a formula is used that. The market is totally unpredictable. a. phishing d. b. checking account I and II Which describes the difference between a personal loan and a credit card? Emily is deciding whether to buy the same designer jacket her friends have. Employers may offer a diverse range of other employee benefits including: unlimited holiday; paid or part-paid conference attendance; Christmas parties; concierge services; relaxation apps; free or subsidised staff canteens; and a nap room. a. d. The loan has a duration of ten years and an interest rate of 7.5%, compounded monthly. $292,700 Which explains whether Fido is making a sensible decision? a. identification the person's credit rating Individuals injured on the job while employed by private companies or state and local government agencies should contact their state workers' compensation board. Has she compared prices? a. property taxes -career locations and environments. She also wants to be able to access her money if the need should arise. $460 II and IV are governmental; I and III are not. c) Premiums are not deductible to the business. b. The simple interest on a loan of $200 at 10 percent interest per year is Which factor might have a strong impact on her career decisions? a. budget c. how much has been withheld for taxes, Which describes a type of tax that funds city programs? b. Other long-term employee benefitsare all employee benefits other than term short-employee benefits, post-employment benefits and termination benefits . school, Sunday | 22 views, 2 likes, 0 loves, 0 comments, 0 shares, Facebook Watch Videos from Tucker Presbyterian Church: Sunday School Hour February 5, 2023 Yoko is buying a car from a local car dealership. The issuer may not make a profit. a. a retail bank c. She must check to see if any automatic payments are scheduled for her account. Question: 4. Mandatory benefits, also known as statutory benefits, are benefits that employers are required by law to provide to their employees. to be able to pay for it over time Tuition is federal money awarded to a student. c. Joaquin should take the class because a promotion will mean a larger salary over the long term compared to a single cash advantage. Engineer: design, plan, or manage a system such as machines, computers, or roads. b. employee benefits to determine if the customer is a likeable person d) It is typically written to cover key employees in the event they become disabled and are unable to work. She should go to her bank and ask to discuss her account with a bank officer. only goes down. d. They are available to any student who meets lending standards, regardless of financial need. c. entertainment What is a benefit of obtaining a personal loan? the state of the economy. Sales tax is calculated by multiplying the price of an item by the (blank), If a home is valued at $250,000 and the property tax rate is 2 percent, how much will the owners pay in property taxes? c. Ignore the fee because it is relatively small. date of birth. a. identification card a. What is the difference in the finance charges for the two choices? c. She should use a personal blog of an architect since it is a person in the industry. Compound interest pays interest on the principal and the interest earned in each period. The annual percentage rate on the credit card is 12%. b. Toby plans to pay off each loan in monthly installments, starting from his graduation. Kenya used a debit card to buy a pair of jeans. However, the cost of health insurance benefits must be included in the wages of S corporation employees who own more than two percent of the S corporation (two percentshareholders). c. having more debt than income Maria took out an unsubsidized Stafford loan of $6,925 to pay for college. d. filing for bankruptcy, Which expense is a bank least likely to extend a line of credit for? How many different 4-digit personal identification numbers are possible if no digit can be used twice? Retaining Employees. She has a credit score of 790. When people take out a mortgage, they must pay back the money d. decreases annually. Check all that apply. $1,524.96, Viola took out a $8,470 Stafford loan at the beginning of her four-year college career. 6,500,000 the increased value of an asset. The level of investment in markets often indicates Simon bought a computer and made monthly payments. There are exemptions that allow you to keep essentials. a. a. Check all that apply. Jenika has the cashier run her debit card as a credit purchase, rather than debit, to avoid having to enter her PIN. b. $433.88 b. making late payments unsubsidized Stafford loan The investment risk is borne by the employee. d. A scholarship is a form of financial aid, but a student loan is not. b. how much sales tax has been paid c. salary c. Can I pay at least the minimum payment each month? He is also good at math but is rather shy. Each paycheck is the exact same regardless of number of hours worked. Research only the company offering the highest salary. b. c. a. medicare tax income tax returns. He has a stamp collection worth $1,250 and he has $300 in a bank account. equity bonds credit card number c. She must check to see if any automatic payments are scheduled for her account. one already has enough savings. to determine his credit limit, to determine if he has a history of good credit, Tyler is using a credit card to purchase a television. Each paycheck is the exact same regardless of number of hours worked. Which are common types of bonds that are currently issued? Jessica is low risk but will not pay her outstanding balances on time. b. Which career choices might he enjoy? c. local medicare tax. No, there are many stock markets around the world, and they are independent of one another. a. c. money to start the account I, II, and III, Olivia has taken out a $13,100 unsubsidized Stafford loan to pay for her college education. We collect personal information on behalf of employers to provide benefit administration services for their employee benefit plans. c. her Social Security number c. Personal loans offer lump sums of money, while credit cards set a maximum amount a person can borrow. b. You can specify conditions of storing and accessing cookies in your browser. If this person invested this total amount in an account paying simple interest at the rate of 2.5%, how much money would have accumulated in interest by the time the mortgage is paid off? b. community colleges e. There are penalties for ending the lease early. Karina keeps excellent records and always knows precisely how much is in her bank account. c. $5,250 The answer is D. Employers can provide fringe benefits to employees that are non-taxable benefits pursuant to the Income Tax Act. family court judge. a. What is Compensation employees? $1,000 A refrigerator is priced at $1,250. 333,135,504 Besides helping employees, offering fringe benefits helps employers tremendously . when they are able. c. Shondra should be sure she will have enough in her account to be able to make the monthly payments. a. the total salary for all the years worked Most jurisdictions do not legally require firms to have the same benefits for full-time and part-time employees. a. Joaquin should put the money in savings because retirement is expensive and he should have every penny he can. Employee benefits are added perks offered and provided by employers on top of compensation and can include extended medical insurance, paid time off, profit sharing, learning and development strategies, retirement benefits, and more. She will have $1.84 left over. What are her motivations? She expects she will need to contribute $9,000 annually to her education. d. $1,700,000, Jared can play three musical instruments; he loves drawing, painting, and other visual arts as well. b. There will be a late fee added to the bill. Select three options. d. d. Julio is not correct because the house cannot be worth more than the mortgage. skimming The U.S. Bureau of Labor Statistics has a website that can be of great help when researching careers. b. a savings and loan d. Review the pros and cons of the different available computers. Youre considered the provider of a fringe benefit even if a third party, such as your client or customer, provides the benefit to your employee for services the employee performs for you. $29.90 Which type of account is most likely best for her? d. Round all dollar values to the nearest cent. a. d. How much in finance charges can I afford to pay? b. a. Sean decides to pay his bills online because he does not like the inconvenience of finding stamps and mailing his bills. Which statement best describes the lesson we can learn from Lupe's experience? Other long-term employee benefits b. They can also include non-tangible benefits, such as the use of a company car, life insurance, or flex time built into a work schedule. What must Shondra consider before she decides to pay with automatic withdrawals? b. Fido's decision is sensible because the cost of the car loan should be less if his credit history improves. a. $496,700, Brandon owes his brother $120. c. Rupert's credit limit is most likely higher than Tamera's, and his interest rate is most likely lower. c. equity in a home increases the homeowner's net worth. c. A vocational school is usually paid for by the worker. the person's credit rating c. Shona can afford the rug in store B. Pay more than the minimum amount that is due. There will be a late fee added to the bill. d. A grant is the price of attending classes at a school. She asked Ramya to compute her net monthly income. Shred all mail with personal information before discarding it. $1,750 remain in their homes for 30 years or more. c. Fido's decision is not sensible because he needs the car right away. In determining whether to issue a loan, banks are not allowed to ask about an applicant's Most students are young enough not to have much of a credit score or credit history, so a second party such as a parent or guardian can establish security of payment. It's only important to track large amounts in personal records. $1529.70 are unwilling to accept any risk in borrowing money. c. They find it easy to get a loan from the bank. a. Julio is correct because the $45,000 equity in the house is the real asset. Balance the right to be heard and the right to redress c. life-enrichment director and event planner at a retirement home, Which type of training would be considered vocational training? What is Ramya's mother's net monthly income? c. She should research the average salary of similar positions to see if the offers are fair. The Department of Labor's Office of Workers' Compensation Programs (OWCP) administers four major disability compensation programs that provide wage replacement benefits, medical treatment, vocational rehabilitation and other benefits to federal workers or their dependents who are injured at work or who acquire an occupational disease. It will be easier for him to get a loan to buy the house. d. Shondra should consult with a credit counseling service. d. She must check her credit history. Companies report people to credit agencies if they b. sales tax Most firms have the same benefits for both categories of employees, regardless of the law. b. the quantity products produced the person's social security number Which describes an example of using unsecured credit? $10,393.82 Joaquin is trying to decide whether to get the training or put the money in savings for retirement. a. b. On-the-job training takes two years or fewer. d. She owns a car worth $12,000 and has $7,500 in car loans. He has a $175,000 mortgage. c. Will I have to take out a loan? What must he consider before using that method of payment? Are there any expenses you have forgotten? How much does Tyrell pay in additional interest each month? She will have $2.93 left over. $14.56 b. the career's average salary Emma lives on a tight budget. d. an investment bank, Lupe wants an account into which she can deposit her paychecks. After reviewing her well-kept records, she cannot find anything that is incorrect. b. low interest rate on a car loan $654.45 a. used cars can require repairs sooner Alan is young, but he decides to plan for his retirement early. What is the name of this agreement? to determine if he needs a credit card Round all dollar values to the nearest cent. b. The consumer has the right to hear back from businesses that they contact. the person's yearly income $1.80 Such workplaces also enjoy good employee-client relationships. b. Reg's financing has an interest rate of 10.27%, compounded monthly, and a duration of three years. c. savings account Check all that apply. Enjoli enjoys science and foreign language classes. a. a. college savings account for his daughters All of the loans were subsidized. Yuri wants to pay for his new chair using a check. She should research the average salary of similar positions to see if the offers are fair. $200 The auditor provides services to employee benefit plans sponsored by governmental entities. $16 Evaluate the expression 10a - 2b when What is the job outlook for a US postal worker? Can I make payments on time and avoid late fees? Borrowers choosing an adjustable-rate mortgage d. Simple interest is paid on the principal and interest accrued, while compound interest is paid only on the principal. In some cases, it is safe to avoid insurance because c. d. home equity line of credit. A (blank) is a plan in which an individual balances available resources and expenses. b. to pay interest if he does not pay in full by a certain date, Quincy listed information from his credit report. a. musician in a band on tour However, when she receives her bank statement, she's surprised to see that she has been charged a $5.00 overdraft fee. Jerome likes to take stuff apart and then rebuild it. b. He took out an unsubsidized Stafford loan worth $8,180 to help pay for his tuition. Which answer best describes Alan's lifetime income? $25,000 Youre the provider of a fringe benefit if it is provided for services performed for you. The 25% discount is better; it saves $12.50 more. b. $2,500 a. All investments involve major risks. a. post-secondary education $31,337.27. $1,734.24, What term is used to describe an individual's money and personal property? c. Mr.Collins buys a table and sofa for $2,028.The table costs 30% of the price of the sofa. to determine if the customer is likely to pay back the loan, to determine if the customer is likely to pay back the loan, Before applying for a credit card, Jacob examines his credit report. $144.90, Claudius took out an unsubsidized Stafford loan at the beginning of his six-year college career. $721.93 Ariel wants to compare the salaries for positions she was offered at two companies. What is the first action Lupe should take when she discovers a difference between her records and the bank's records? 3,600 Jessica is low risk and will pay her outstanding balances on time. She has $3,000 in investments, $2,700 in a bank account, and owes $1,500 on a credit card. c. $5,696.00 $1,139.76 c. How much will the bike cost when adding the finance charges to the price? $85,000 to have the full amount available in his bank account right away e. Factory reproduction manager: check that products meet specifications. Personal loans are secured for small purchases, while credit cards are unsecured loans for large amounts. a. Check all that apply. the stamp collection only d. vocational training throughout career. a. Shondra should be sure she will remember to call the store each month to make the payment. No, people can buy stocks anywhere, and they do not need to go through a market. A student loan must be paid back, but a scholarship is not paid back. It enhances the job evaluation process, which in return helps in setting up more realistic and achievable standards. Is advertising influencing her? Generally, this exclusion also applies to qualified long-term care insurance contracts. d. Companies know they can stop production and still make money on sales. She should research the benefits included in each offer. Store A has the rug for $45 with a 10% discount. a. Tamera's credit limit is most likely higher than Rupert's, and her interest rate is most likely lower. II and IV are governmental; I and III are not. a. all current monthly expenditures d. If Kanya uses the credit card and pays the full balance during the billing cycle, she will spend $25.20 less than paying cash for the laptop. Companies know that people will be willing to spend more to get an in-demand product. a. where a property is located. The consumer has the right to fair settlement of disputes. With a better credit rating, her payments could have been $440.82 per month. c. Shondra should be sure she will have enough in her account to be able to make the monthly payments. b. Each loan had a principal of $5,500, an interest rate of 7.5% compounded monthly, and a duration of ten years. must repay the loan in five to ten years. c. salary a. Yuri must check his credit history. She should take the position that offers the largest salary. 702,000 Which equations are true for x = 2 and x = 2? d. Scholarships can be awarded for various reasons, but federal grants are usually based on a student's financial need. Making a decision. right to choose a. getting a high interest rate on a credit card offer Can I pay at least the minimum payment each month? a. She will have $1.84 left over. The car had a list price of $22,499, and he was responsible for 7.96% sales tax, a $2,138 vehicle registration fee, and a $262 documentation fee. c. Aircraft inspector: inspect, plan, and oversee repairs on aircraft; may also need to design parts as repair methods that meet standards. Ted has $55.00 in his pocket. Planning to finance higher education helps people prepare for their financial future because it teaches them about. Which statement best explains a grant? How much should Georgia pay in federal income tax this year? wealthy relative. d. She should research the benefits included in each offer. Check all that apply. a. c. If an employer wants the employee to work more hours in a week, the result is a larger paycheck. What is the difference in the finance charges for the two choices? $496.00 a. credit that is to be repaid in full by a specific date d. For example, you provide an employee with a fringe benefit when you allow the employee to use a business vehicle to commute to and from work. Each paycheck is less, even if an employer wants you to work more hours in a week. The career is growing and will provide fewer opportunities over time. Next year when Jarrod attends his first year, the tuition is expected to increase 4.5%. b. Shona can afford the rug in store B. a. a. a. Will her sister like the jacket too? a. a money market account Amanda wants to buy a new car. b. insurance b. 810,000 b. are always less expensive than using a credit card e. accountant for a theater, b. music teacher at a school a. wages and salaries, annual leave), post-employment benefits such as retirement benefits, other long-term benefits (e.g. a. visiting different housing locations. a. Julio is correct because the $45,000 equity in the house is the real asset. When planning a budget, the biggest consideration should be the The Board amended the accounting for multiemployer plans and group plans in December 2004. $623.25 Check all that apply. Choose the correct answer. An investor makes money by issuing bonds. Borrowers taking a balloon payment mortgage most likely He will get the house for a lower price. b. Which is a short-term consequence of making a late payment on your bill? It creates a base for happiness and satisfaction of the workforce that limits the labor turnover and confers a stable organization. $315 a. d. maintenance, Which is a kind of federal payroll tax? c. Postsecondary education includes college classes and vocational training. Prices follow economic trends. b. employee benefits c. Yuri must be sure he has enough left in his checking account for any expenses and automatic payments. Prices are controlled by the issuing company. Yarin's gross pay for the year was $3,500. d. EFT from a different bank into the account The statement describes employee benefits is, Compensation employees receive from employer over and above.

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