which statement describes employee benefits
f. Will I be able to make the payments and avoid late fees? b. Personal loans offer lump sums of money, while credit cards set a maximum amount a person can borrow. to be able to pay for it over time Simple interest is paid on small, short-term loans, while compound interest is paid on large, long-term loans. municipal bonds d. b. Freya wants to use her debit card to purchase a $135 tablet computer. She also wants to use the money in her account to pay for her expenses. d. She must check her credit history. Choose all that should be included in your budget. She also wants to be able to access her money if the need should arise. d. error. to receive a bill at a later date Credit cards offer lump sums of money, while personal loans set a maximum amount a person can borrow. e. Research only the company that is closest to where she lives. Jared can work in groups at school and likes to help plan events like class parties and dances. b. to help people buy homes They are usually given a low interest rate. a. Joaquin should put the money in savings because retirement is expensive and he should have every penny he can. I, II, and III only a. Which describes the difference between a personal loan and a credit card? Fringe benefits are additional compensation provided to employees above and beyond an agreed-upon wage or salary. corporate bonds 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. Someone buys a new boat with a loan from a boat dealer. a. $247.44 borrow too much money. b. a loan given for a short period of time that is not dependent on credit history a. Tamera's credit limit is most likely higher than Rupert's, and her interest rate is most likely lower. b. Buying a new car can create a financial challenge because Jessica is high risk but will not pay her outstanding balances on time. c. A student loan is a form of financial aid, but a scholarship is not. Which statement best explains a grant? b. a. a. careful consideration of short-term goals b. recording the number of assets you currently own c. creating a budget to consider future income and spending d. learning more about different kinds of accounts to manage money e. learning about opportunity cost a. careful consideration of short-term goals b. community colleges b. Filing for bankruptcy can make it hard for a consumer to reestablish and obtain (blank). Which factor might have a strong impact on her career decisions? explaining that she has many outstanding loans 456,976 use large amounts of credit at once. Co-signers were most likely college students themselves and understand what it is like to be a college student. She should check her own records to see if she made a mistake. It will be easier for him to get a loan to buy the house. d. proof that she is a student Which of these is an advantage of checking accounts? b. If Roderigo made monthly payments to pay off his loan, how much interest did he pay in total? a. mortgage payments decrease as equity increases. Jenika has the cashier run her debit card as a credit purchase, rather than debit, to avoid having to enter her PIN. c. Alan's lifetime income includes both his career outlook and his career environment. One reason a student may seek a federal student loan instead of a private student loan is that What is Keisha's net worth? 703,040 Store B has the same rug for $46 and is offering a $10 off coupon. c. local taxes. What must he consider before using that method of payment? b. a. could change. a smaller percentage chance of loss. In which situation would a certificate of deposit (CD) be the best banking choice? The issuer could go bankrupt. Fringe Benefit Examples Here are five benefits of a harassment free workplace. Round all dollar values to the nearest cent. If Kanya uses the credit card and pays the full balance during the billing cycle, she will spend $50.40 more than paying cash for the laptop. At what point does buying in bulk stop being a wise spending choice? The statement describes employee benefits is, Compensation employees receive from employer over and above. Treasury notes, Which factors can affect a stock's price? a. Julio says that in this situation, his asset is really only $45,000. $595.20 b. low interest rate on a car loan c. It shows that the owner is willing to share ownership of the business to reduce financial risk. 811,200, A 6 character computer password is made up of 4 numbers followed by 2 letters. higher property taxes. Engineer: design, plan, or manage a system such as machines, computers, or roads. $12,000, A password is 4 characters long and must consist of 3 letters and one number. She should use Facebook advice from friends since they know her best. f. Will I be able to make the payments and avoid late fees? Since they filed bankruptcy in the past, a couple ends up paying a 12% fixed rate for a 30 year mortgage. $496.00 f. early retirement, a. post-secondary education It shows that the owner expects financial risk and is eliminating it by making an insurance company liable. c. improvements to a home $23,650.00 Yoko is buying a car from a local car dealership. d. She should take the position that offers the largest salary. e. can be broken at any time, a. requires a credit check The beauty of voluntary benets is they can be customized for the specic needs of a business and their employees, catering to certain vocations, stages of life, location and lifestyles. He took out an unsubsidized Stafford loan worth $8,180 to help pay for his tuition. $1529.70 $4,540.56 Post-employment benefits are employee benefits (other than termination benefits and short-term employee benefits) that are payable after the completion of employment. What is Ramya's mother's net monthly income? If letters cannot be repeated and the password must end with a number, how many possibilities are there? b. Hafsa wants a guaranteed return, and won't need the money for several years. Check all that apply. c. Companies take advantage of the demand to make people spend more money on excess products. costs the least. a) The income may be used to find a replacement for the key employee. d. Scholarships can be awarded for various reasons, but federal grants are usually based on a student's financial need. d. b. who lives on a property. 333,135,504 Treasury bills c. equity in a home increases the homeowner's net worth. They both act as angel investors for start-ups. c. $5,250 A pet groomer gave 9 baths, 15 nail trims, 8 brush-outs, and 5ear cleanings.For every 5nail trims, the groomer gave 3. Can I make payments on time and avoid late fees? She has $3,000 in investments, $2,700 in a bank account, and owes $1,500 on a credit card. c. Will I have to take out a loan? Generally, this exclusion also applies to qualified long-term care insurance contracts. c. increases annually. They have a history of not making their payments on time. b. We have 4 major types of employee benefits Medical insurance. d. The issuer could refuse to pay dividends. 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. $88,700 Check all that apply. See Publication 15-B, Employers' Tax Guide to Fringe Benefits, for more information. a. $96.96 Tuition is federal money awarded to a student. Choose the correct answer. Which resource is most likely to give balanced, accurate information? c. $500,000 a. The statement describes employee benefits is Compensation employees receive from employer over and above their income. e. paying a credit card balance in full each month, b. making late payments Postemployment employee benefits include all of the following, except a. Postemployment medical care b. b. music teacher at a school II. b. The sales tax is 6% on either purchase. d. comparing the cost of housing alternatives. d. home equity line of credit. a. credit card with a $4,000 limit $137,532.67 b. b. checking account If Claudius started paying off the loan when he graduated, what is his monthly payment? c. pay a higher interest rate during the first few years. e. housing advantages. They are issued in cooperation with the student's university to reduce costs and paperwork. credit card number 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? phishing d. birth certificate Fringe benefits are generally included in an employee's gross income (there are some exceptions). Which best describes the role that government and business play in investments? (Blank) are debt certificates that are purchased by an investor. d. $600 per month for 1 year True b. Get information. a. a. b. Alan's lifetime income includes his salary and retirement benefits. No, people can buy stocks anywhere, and they do not need to go through a market. d. income from investments $200 per month for 4 years. II and IV are governmental; I and III are not. Toby plans to pay off each loan in monthly installments, starting from his graduation. d. They allow access to the money at any time without penalty. c. obtaining a savings account c. the cost of gas and insurance Retirement benefits, such as pensions c. Postemployment life insurance d. Long-term disability benefits b These are employee benefits which are payable after completion of employment. She wants to be sure that she is earning interest on her money and can add to her savings. Which statement best describes how an investor makes money off debt? Medical and dental coverage Which statement best describes an education at a vocational school? Each loan had a principal of $5,500, an interest rate of 7.5% compounded monthly, and a duration of ten years. e. There are penalties for ending the lease early. d. right to dignity. Joaquin is offered vocational training that will cost $3,000 but will make him eligible for a promotion. the person's credit rating What is the first step in the decision-making process? it may not be needed. The consumer has the right to fair settlement of disputes. c. Checking accounts are processed immediately so customer and bank records always match. skimming b. Fido's decision is sensible because the cost of the car loan should be less if his credit history improves. Select three options. d. The auditor provides accounting services to employee benefit plans' sponsors of commercial enterprises. $1,440.06 c. entertainment What does she need to have when she goes to the bank? Which explains why Jacob might examine his credit report? What does reconciling an account involve? to determine the customer's income e. proof of address. Better Business Bureau What is one benefit of privately issued student loans? c. d. $35.05 a. a retail bank a. I. dumpster diving $18,162.24. d. vocational training throughout career a. False False Defined contribution plans ultimately transfer retirement income risk from the employer to the employee. c. Yuri must be sure he has enough left in his checking account for any expenses and automatic payments. Her deductions total $270. b. Research only the company offering the highest salary. d. d. a car to be used for transportation to and from work, Which payment option provides consistency in on-time bill payment? 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. Report them to the Better Business Bureau. d. You must return the car after the lease ends. 9,000 Which is a possible benefit of having a good credit history? d. $6.90. c. market performance A high-risk investment is characterized by a. Wait for the bank to call her. c. Evaluating results. a. In a mortgage, the amount of money borrowed is called the (blank). If letters can be repeated and the special character is at the end of the password, how many possibilities are there? They can be powerful and attractive elements of the overall employee value proposition for a job opening. Select three options. Miranda paid off each loan by making constant monthly payments, starting with when she graduated. Each paycheck is less, even if an employer wants you to work more hours in a week. Of the four consumer protection groups listed below, identify which groups are government agencies and which are non-governmental. These benefits include medical insurance, employee compensation, employment and family leave insurance. $238.46 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. Employee benefits are benefits related to a specific trade. d. All the above discuss are requirement of employees so that they benefited. c. local medicare tax. b. a savings and loan 9,000 b. not being able to purchase a car or home city agency. a high interest rate. d. corporate taxes. What is Compensation employees? b. A mortgage is a legal agreement between a borrower and a She will have $1.84 left over. b. 3. scholarships and grants. Which answer best describes Alan's lifetime income? employment and trust. c. $5,000 $31,337.27. b. c. It will be harder to secure a new loan at a low rate. a. mailing a check $7,834.32 Which step in the decision-making process should Simon now take? What is the job outlook for a US postal worker? c. c. Which statement about the cost of the laptop is true? b. obtaining a low interest rate on a loan b. Which explains why he should establish a positive credit history before buying the house? By the end of the month, Simon had no money left for groceries. Which method would be best? $3,035 a. income d. Yuri must check his credit card balance. c. savings account She should research the benefits included in each offer. She should check her own records to see if she made a mistake. to be able to pay for it over time Which statement describes an hourly wage job? All investments involve major risks. Deposit $15 per year until the loan is paid off. Companies and their departments require a certain amount of employee benefits to comply with the law. b. the career's average salary d. Employee benefits are the total income you receive over your lifetime. Federal grants can be awarded for various reasons, but scholarships are always based on a student's financial need. falling into debt if faced with a serious problem d. an amount of time during which a loan can be repaid without interest, b. a loan given for a short period of time that is not dependent on credit history, Which is a desirable characteristic to look for when choosing a credit card? d. unexpected issues may arise. Which are common types of bonds that are currently issued? All of the loans were subsidized. the company's financial health b. employee benefits a. two books for $29.95 each Revise his budget to allow for a new computer. Treasury bills The career is growing and will provide more opportunities over time. d. b. Is she buying at the right time? b. making sure a paycheck arrives on time a. Round to the nearest dollar. a. Which will most likely help her get the lowest interest rate? Allison removes one check to pay her electric bill and then locks her checkbook in the car when she goes in to pay it. a. the monthly savings amount. the hourly pay rate. f. how much withheld tax will be refunded, a. how much has been earned $31.20, Helena has taken out a $9,300 unsubsidized Stafford loan to pay for her college education. 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. Kenya did not have enough money in her bank account to buy the jeans. a. $639, Yasmine plans to attend a four-year public university. d. doctor for a professional sports team, a. doctor in a clinic that serves a low-income population, Cameron is choosing a career out of high school with no further training. 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. A password is 4 characters long and must consist of 3 letters and 1 of 10 special characters. Over 20 years, what will be the difference between their incomes? In determining whether to issue a loan, banks are not allowed to ask about an applicant's c. Julio is not correct because the same item cannot represent both an asset and a liability. What will she need to do this? Kenya used a debit card to buy a pair of jeans. Has she compared prices? What are her motivations? Fringe benefits include cars and flights on aircraft that the employer provides, free or discounted commercial flights, vacations, discounts on property or services, memberships in country clubs or other social clubs, and tickets to entertainment or sporting events.