which statement describes employee benefits

d. Rupert's credit limit is most likely lower than Tamera's, and his interest rate is most likely lower. d. income from investments Which statement best defines tuition? d. She must check her credit history. d. Tuition is the price of attending classes at a school. d. Can I make payments on time and avoid late fees? If there are 12 special characters and Koshi does not repeat a letter or number, how many possibilities are there for his password? Check all that apply. b. music teacher at a school I and III What term is used to describe an individual's money and personal property? The issuer could go bankrupt. I and II She will have $1.84 left over. 811,200, A 6 character computer password is made up of 4 numbers followed by 2 letters. Mandatory benefits, also known as statutory benefits, are benefits that employers are required by law to provide to their employees. What does purchasing insurance for a business reveal about the business owner's attitude toward financial risk? c. Obtain a credit card to pay for a refurbished computer. c. doctor in a research facility for a large drug company I, II, III, and IV, How many four-digit personal identification numbers (PIN) are possible if the PIN cannot begin or end with a 0 and the PIN must be an even number? c. analyzing the availability of housing loans. C) This Act was passed as part of HIPAA. Which statement best describes a situation requiring an auditor to apply Department of Labor (DOL) independence rules? She should research the cost of living of different locations to compare against the offered salaries. d. d. a. Each paycheck is less, even if an employer wants you to work more hours in a week. Reg's financing has an interest rate of 10.27%, compounded monthly, and a duration of three years. Simple interest is paid on the principal, while compound interest is paid on the principal and interest accrued. The rebate is better; it saves $75 more. right to be heard She wants to be sure that she is earning interest on her money and can add to her savings. Tamera and Rupert each applied for the same credit card through the same company. Check all that apply. falling into debt if faced with a serious problem Property taxes are based on c. Darren is looking for an investment that has a very high interest rate. b) Benefits are considered taxable income to the business. $55.07 a. $270 a. a money market account Why is compound interest preferable to simple interest? What must he consider before using that method of payment? b. Alan's lifetime income includes his salary and retirement benefits. Which is a possible benefit of having a good credit history? All of the loans were subsidized. a. c. Julio is not correct because the same item cannot represent both an asset and a liability. might go down. All of the loans were subsidized. 2. financial information Ensuring your department has all the benefits required by law can help improve your legal compliance and improve employee productivity. b. d. b. Fido's decision is sensible because the cost of the car loan should be less if his credit history improves. At the beginning of each year, he took out a Stafford loan with a principal of $6,125. When making a decision about housing, the first step should be 175,760 d. It shows that the owner is willing to budget for short-term financial risks to avoid long-term risks. c. the career's outlook d. automatic withdrawal. it is too expensive. Which statement best describes the lesson we can learn from Lupe's experience? She should use a personal blog of an architect since it is a person in the industry. In general, the amount the employer must include is the amount by which the fair market value of the benefits is more than the sum of what the employee paid for it plus any amount that the law excludes. a. Julio is correct because the $45,000 equity in the house is the real asset. $25 per year until the loan is paid off. Select two options x2 4 = 0 x2 = 4 3x2 + 12 = 0 4x2 = 16 2(x 2)2 = 0. IV. If Roderigo made monthly payments to pay off his loan, how much interest did he pay in total? The loan has a duration of ten years. c. having more debt than income b. payroll taxes. I only d. proof that she is a student a. Tamera's credit limit is most likely higher than Rupert's, and her interest rate is most likely lower. Not yet answered Marked out of 1.00 Select one: a. b. Hafsa wants a guaranteed return, and won't need the money for several years. He will get the house for a lower price. a. cost. Which describes the difference between simple and compound interest? A mortgage is a legal agreement between a borrower and a $1,926.97 the ability to make a profit from owning stock. a. He has a $175,000 mortgage. When studying finance or economics, the cost of a decision is also known as a(n). c. b. Maria decides to pay her bills by mailing a check because she wants the payment to be credited in the shortest amount of time. d. The bank will charge a fee for having a negative balance. There are two options offered to reduce the price: either a 25% discount off the price or a rebate of $300. Has she compared prices? Employee Benefits Corporation is a service provider under California's privacy laws. I & II only social security number. 10,000, How can thieves steal an identity? The career is growing and will provide more opportunities over time. a. Take action. e. proof of address. She should research the average salary of similar positions to see if the offers are fair. d. Which career choices might he enjoy? b. gathering information on available housing. a. checking one's financial records against the bank's b. In personal finance, what is considered a need? c. equity in a home increases the homeowner's net worth. b. b. The car may be driven as much as needed. Which describes an example of using unsecured credit? b. Joaquin should put the money in savings because it will grow quickly with interest that he can use in retirement. a. a) The income may be used to find a replacement for the key employee. d. professional photographer for special events Revise his budget to allow for a new computer. c. public universities Joaquin is trying to decide whether to get the training or put the money in savings for retirement. a. The loan has an interest rate of 5.6%, compounded monthly. Has she compared prices? Which describes a set amount of pay received by a worker over the course of a year? b. a. Postsecondary education includes all nonsalary benefits granted by an employer. Youre the provider of a fringe benefit if it is provided for services performed for you. II. d. increasing equity over time, You have included your predicted mortgage, food, car, and gasoline expenses in your budget. An adjustable-rate mortgage is one that c. $730 a. municipal bonds e. housing advantages. Transaction How many different passwords are possible? An investor makes money by earning interest. $500 $10 per year until the loan is paid off. No, people can buy stocks anywhere, and they do not need to go through a market. How is Jessica's lender likely to view this credit score? b. low interest rate on a car loan An index measures economic trends. c. $500,000 She must be sure there is at least $135 in her bank account for the purchase. True b. Once stocks are on the market, which best explains how their prices are set? $3000 monthly line of credit d. income 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. a. What are her motivations? Kenya used money directly from her bank account to buy the jeans. The 25% discount is better; it saves $12.50 more. b. a. direct deposit of a paycheck Kenya used a debit card to buy a pair of jeans. remain in their homes for 30 years or more. Ariel wants to compare the salaries for positions she was offered at two companies. B) It is enforced by the Center for Medicare and Medicaid Services. c. The statement describes employee benefits is Compensation employees receive from employer over and above their income. There are other special rules that employers and employees may use to value certain fringe benefits. c. Simple interest is paid on large, long-term loans, while compound interest is paid on small, short-term loans. date of birth. family court judge. Which would be the best action for Karina to take? Round all dollar values to the nearest cent. 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. b. $16 Better Business Bureau f. Will I be able to make the payments and avoid late fees? Longs term benefits are those that benefits that are payable to employees after they complete the term of employment. An employer typically pays for it in order to educate an employee. Which careers would Jared enjoy? Which statement describes employee benefits? Payment options for voluntary benefits include: 100% employee-paid; Partially funded by both employee and employer a. a. budget 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. IAS 19 Employee Benefits (amended 2011) outlines the accounting requirements for employee benefits, including short-term benefits (e.g. Fringe Benefit Examples b. a. II. d. How much in finance charges can I afford to pay? a. Which statement is true? d. d. birth certificate They have a history of not making their payments on time. 333,135,504 He also has a skateboard worth $95.Which are Brandon's assets? a. III. payday loan $477.27 b. current address, monthly income, car loan payment history, date of birth The benefits are subject to income tax withholding and employment taxes. $71.37 a. Jessica is trying to get a credit card. Which of the following should Tyler expect? 6,500,000 Which explains why the lender examines the customer's credit report? 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 d. a checking account. over time, usually many years. d. c. to write a check b. Which of the following steps is most effective in protecting yourself from identity theft? employment and trust. b. c. down payment b. when costs rise too quickly due to demand b. Visit the websites of all of the companies to learn more about them. 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. He will be able to get a higher interest rate when buying the house. She should research the benefits included in each offer. They have lower interest rates and can be paid back with lower out-of-pocket costs. $995.60 a. Life insurance. She should check her own records to see if she made a mistake. can change. An index measures the performance of a single stock. unsubsidized Stafford loan II & III only a. c. entertainment d. three books for $16.99 each. What will help Ins to make an informed decision? How many 4-digit personal identification numbers are possible if the number cannot contain a zero? d. Allison removes one check to pay her electric bill and then locks her checkbook in the car when she goes in to pay it. Which financial problems might cause a person to be considered a bad risk for a loan to purchase a home? a. DOL On-the-job training is usually paid for by the employer. not benefitting from insurance deductibles b. headphones for $29.99 and a portable speaker set for $30.95 b. a certificate of deposit c. local taxes. Someone buys new gutters for a home with a credit card. Fringe benefits are generally included in an employee's gross income (there are some exceptions). equity bonds 358,800,000 a. Joaquin should put the money in savings because retirement is expensive and he should have every penny he can. d. interest on student loans. wealthy relative. The career is growing and will provide fewer opportunities over time. a. private loans carry a higher interest rate than federal loans. $10.00 What is one benefit of privately issued student loans? c. Jonah decides to pay his bill by telephone because he wants to protect his account information. home loan The loan had a duration of ten years and an interest rate of 7.1%, compounded monthly. 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? e. Factory reproduction manager: check that products meet specifications. 10,000. b. These benefits include medical insurance, employee compensation, employment and family leave insurance. b. Which list could Quincy have written? 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. a. employment and race. c. The investment risk is borne by the employee. There are exemptions that allow you to keep essentials. Which best describes what financial planning skills ultimately enable an individual to do? We have 4 major types of employee benefits Medical insurance. the person's social security number no interest rate. 156,000 c. the total salary and value of insurance benefits for all the years worked a. if you need access to your cash quickly Why or why not? The plans are simple and easy to construct. To help her decide, she will do some research. b. income D. Retirement benefits depend on the individual's account balance. Which factor might have a strong impact on her career decisions? c. Companies take advantage of the demand to make people spend more money on excess products. b. Yuri must know the interest rate on a furniture loan. Jared would like a career with regular hours. Buying a new car can create a financial challenge because Shondra is thinking of making payments for her laptop by setting up automatic withdrawals with the store. a. training to prepare for a career b. She should research the benefits included in each offer. c. $1,524.96, Viola took out a $8,470 Stafford loan at the beginning of her four-year college career. The market is totally unpredictable. Which statement describes an hourly wage job? payment history and total debt. Amanda wants to buy a new car. b. training to improve one's health a. c. Ignore the fee because it is relatively small. An index measures growth. c. They can be opened with any amount of money. Jarrod has 1 year to save the amount of money equal to the tuition for his first year. Besides helping employees, offering fringe benefits helps employers tremendously . the increased value of an asset. c. Tuition is money borrowed to pay for an education. d. You must return the car after the lease ends. What must Freya consider before using her debit card? for the employee benefits which shows that the employee get some facilities like HRAs, TA/DA, paid vacations and many more. c. $31.20, Helena has taken out a $9,300 unsubsidized Stafford loan to pay for her college education. within a year. Which questions should Lakesha answer before making her decision? Reg has just purchased a new car. She will have $1.84 left over. They can be powerful and attractive elements of the overall employee value proposition for a job opening. d. Yuri must check his credit card balance. e. accountant for a theater, b. music teacher at a school a. a. plan to rent out their homes. d. bankruptcy. d. Employee benefits are nonsalary compensation granted by an employer. They are usually given a low interest rate. d. requires a signature for rent-to-own agreements Companies know that people will be willing to spend more to get an in-demand product. Payments are generally higher than buying. How much does Tyrell pay in additional interest each month? On-the-job training is usually paid for by the worker. Filing for bankruptcy can make it hard for a consumer to reestablish and obtain (blank). c. If an employer wants the employee to work more hours in a week, the result is a larger paycheck. to determine if he needs a credit card Fringe benefits are additional compensation provided to employees above and beyond an agreed-upon wage or salary. What should she consider in this process? All investments involve major risks. b. checking account c. a commercial bank e. There are penalties for ending the lease early. I and II are governmental; III and IV are not. b. Why do most student loans involve a co-signer? The U.S. Bureau of Labor Statistics has a website that can be of great help when researching careers. Which information can be found on a person's credit report? title loan Taking action. Prices follow economic trends. Tamera has a positive credit history. a. Which method would be best? b. Shondra should check her credit history to be sure she has a good credit score. Management is concerned with tax consequences. Checking accounts allow convenient ways to deposit or withdraw funds. As Ruth Ann is researching careers, she decides she enjoys living in her hometown and doesn't want to relocate. Seek the help of the Department of HHS. $35.05 a. CD c. her Social Security number Review her records again. c. What is the first action Lupe should take when she discovers a difference between her records and the bank's records? 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. Lakesha does not have enough in her bank account to use a debit card for the purchase of a bike she needs to get to work. $144.90, Claudius took out an unsubsidized Stafford loan at the beginning of his six-year college career. b. Insuring clause She should take the position that has the lowest cost of living. These benefits are given for retirement like the life insurance, health insurance which makes the life of employee easier after retirement. Which statement best describes benefits for full-time versus part-time employees in Canada? d. Find out the cost of living for the job locations, and compare them against the offered salaries. A tighter job market requires that an organization present itself as an employer of choice, a situation that is leading HR to offer benefit options that appeal to a wide range . c. She should research the average salary of similar positions to see if the offers are fair. Defines the benefits that the employee will receive at the time of retirement. Food and Drug Administration 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. It shows that the owner expects financial risk and is eliminating it by making an insurance company liable. d. The career is shrinking and will provide fewer opportunities over time. Visit the websites of all of the companies to learn more about them. $37,395.18 b. making late payments The loan has a duration of ten years and an interest rate of 7.5%, compounded monthly. e. monthly bank fee of $, a. direct deposit of a paycheck What is the total lifetime cost for Toby to pay off his 4 loans? d. $33.10 a. Julio is correct because the $45,000 equity in the house is the real asset. He decides to formulate some estimates of his lifetime income. e. high cost of living b. gathering information on available housing. a. medicare tax 158,184 d. the career's employee benefits. a. II and III c. 6 percent getting money with special repayment terms $43.68 Her deductions total $270. Which statement about the cost of the laptop is true? c. $4.80 Which results are more likely for someone without personal finance skills? It shows that the owner acknowledges the financial risks and is willing to pay every month to transfer the risk to an insurance company. It's only important to track large amounts in personal records. Debit. She will have $2.93 left over. a. c. Evaluating results. His friend Mateo is choosing a career that requires a college degree but has a median salary of $55,000. c. Aircraft inspector: inspect, plan, and oversee repairs on aircraft; may also need to design parts as repair methods that meet standards. What is the name of this agreement? Planning to finance higher education helps people prepare for their financial future because it teaches them about. $461 c. equity Evaluate the expression 10a - 2b when d. d. They are available to any student who meets lending standards, regardless of financial need. She must check the interest rate on the debit card. What types of information does a W-2 form contain? Check all that apply. b. doctor partnering with insurance companies to determine covered procedures c. $85,000 Research only the company offering the highest salary. the profitable sale of shares. Fido decides to wait for a few months until his credit history improves. a greater percentage chance of loss. 9,000 c. local medicare tax. Which of these is an advantage of checking accounts? d. Gathering information. Prices are controlled by the issuing company. $260.37, Calculate the monthly payment for a 5-year car loan of $23,570 at 10.43% interest, compounded monthly. She expects she will need to contribute $9,000 annually to her education. b. car payments must become part of the budget. CPSC, In the wrong hands, which of the following pieces of personal information would present the greatest risk for identity theft? Treasury notes Yuri wants to pay for his new chair using a check. b. a. credit that is to be repaid in full by a specific date Round all dollar values to the nearest cent. 9,000 b. payments change from month to month Enjoli enjoys science and foreign language classes. d. medicare tax, If a new shirt costs $34.99 and the sales tax is $2.10, the sales tax rate is b. She plans to graduate in four years. d. Evaluate alternatives. the economy. country of origin. f. Event planner: works with people to plan parties, weddings, fundraisers, or corporate events. b. Round all dollar values to the nearest cent. Sofia has saved $10,000. one already has enough savings. Rupert has a negative credit history.Which compares their credit limits and likely interest rates? $200 Companies know that people will be willing to spend more to get an in-demand product. Why do prices increase when demand for a product is high? a. On-the-job training is usually paid for by the employer. b. Checking accounts allow convenient ways to deposit or withdraw funds. Retirement plans. $23,650.00 d. car payments are likely to exceed available income. Tuition is aid given to a student by an institution. a. d. current address, monthly income, car loan payment history, schools attended, a. previous address, current address, bankruptcy, car loan payment history. Which person made the best payment decision for their preferences? Choose the correct answer. Simple interest is paid on small, short-term loans, while compound interest is paid on large, long-term loans. b. How much should Georgia pay in federal income tax this year? stays the same. b. expense d. the stamp collection, the bank account, and the skateboard, the stamp collection, the bank account, and the skateboard, A 7 character computer password is made up of 4 letters followed by 3 numbers. d. Therefore, we are not permitted to delete your personal information unless your employer or former employer requires us to do so. Engineer: design, plan, or manage a system such as machines, computers, or roads. A) paraphrasing information during a discussion B) focusing only on short-term skills C) asking closed-ended questions D) providing general feedback. Which type of account is most likely best for her? $29,481.08 The loan term is four years, and her payments are $819.20 per month. a. used cars can require repairs sooner Is she buying at the right time? Bankruptcy erases all of your debt. b. Hafsa wants a guaranteed return, and won't need the money for several years. d. $200 per month for 4 years. Which questions should she consider before she buys the jacket? C. The investment risk is borne by the employer. c. getting small amounts of money to use immediately $14.56 $25,000 c. are unwilling to accept any risk in borrowing money. b. a. vocational schools Employees' focus on their work is higher in a harassment free workplace than in a workplace that's riddled with harassment issues. c. the cost of gas and insurance They both receive capital to use for growth. a. Keisha owns a house worth $275,000 with a mortgage of $195,000. Commodities are traded. $50 $76.55, Which loan or loans listed below are awarded based on the financial need of the student? b. c. life-enrichment director and event planner at a retirement home the person's credit rating a. Compound interest is paid by the week or by the month, not only once during a year. Select three options. They are payable for more than 12 months. b. $860, What is one cost of avoiding insurance? b. a. d. Which statement is true about her method of payment? Which is the most important consideration when deciding to purchase or lease a vehicle? b. At what point does buying in bulk stop being a wise spending choice? The level of investment in markets often indicates It creates a base for happiness and satisfaction of the workforce that limits the labor turnover and confers a stable organization. Tuition is federal money awarded to a student. She should research the benefits included in each offer. The benefits a worker receives from an employer typically include: federal grants. What questions should she ask before she makes the purchase? Borrow more than one can afford to repay. c. a savings bond How much more will Viola's monthly payment be if the loan is unsubsidized than if the loan is subsidized? Check all that apply. $46.41. c. See if the job offers are fair by going online and finding average salary information for chemists. Carry all your passwords in your wallet or purse. b. c. an MP3 player for $35.99 and a $20.00 gift card for downloading music a. They both invest money to earn a profit. d. corporate taxes. e. proof of her address II and IV are governmental; I and III are not. In a defined benefit plan, a formula is used that. a. Is advertising influencing her? b. They both act as angel investors for start-ups. She worked hard to learn as much as she could about her profession. use large amounts of credit at once. Store B has the same rug for $46 and is offering a $10 off coupon. Check all that apply. A student loan must be paid back, but a scholarship is not paid back. d. hourly wage. the right to choose and the right to safety borrow too much money. Which statement (s) is (are) correct about the Emergency Medical Treatment and Active Labor Act (EMTALA)? Companies report people to credit agencies if they Round each loan's calculation to the nearest cent. a. 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. $31,337.27. 5,040 Freya wants to use her debit card to purchase a $135 tablet computer. I, II, and III only a. how much has been earned date of birth $496,700, Brandon owes his brother $120. She wants to get the lowest interest rate possible. the economy, market performance to pay interest if he does not pay in full by a certain date, Quincy listed information from his credit report. $433.88 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. d. Which of the following options could help you resolve the issue? Karina keeps excellent records and always knows precisely how much is in her bank account. a. $3,739.52, Zoe filed for bankruptcy several years ago and now wants to take out a loan for $15,200. $88,700 a. job training after high school c. If an employer wants the employee to work more hours in a week, the result is a larger paycheck. an unpaid utility bill that has been given to a collection agency not being able to purchase a car or home a. a. showing her driver's license, making sure she has a positive credit history, Before giving a loan to a customer, a lender examines the customer's credit report.

Spiculus Roman Gladiator, Pink Ombre Nails With Glitter, Articles W