Unlock document.
This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
1. Since benefits packages are more complex than pay structures, they are harder for
employees to understand and appreciate.
2. Tax laws generally make benefits unfavorable to employees.
3. The addition of creative benefits packages in the worker's compensation portfolio provides
employers a competitive edge in acquiring and retaining talented employees in their organization.
4. All U.S. employees, including federal, state, and local government employees, are covered
under the Old Age, Survivors, Disability, and Health Insurance program.
5. Social Security benefits are free from federal income taxes and state taxes in all
U.S. states.
6. The funding for unemployment insurance comes from federal and state taxes on
employees.
7. Under the workers' compensation laws, employees are eligible to receive compensation
even if their injuries are self-inflicted.
8. The Family and Medical Leave Act of 1993 requires organizations with 50 or more
employees within a 75-mile radius to provide as much as 12 weeks of unpaid leave to qualifying
employees.
9. Benefits provided to domestic partners of employees have the same tax advantages as
benefits provided to their spouses.
10. Employers in the U.S. are legally required to provide 30 days of paid vacation to both new
and existing employees every year.
11. As an employee benefit, personal days are scheduled so that they extend a Tuesday or
Thursday holiday into a long weekend.
12. For the average employee, the most common type of insurance offered as benefits is the
pension program.
13. Health maintenance organizations charge patients half the fee for each visit and service.
14. Employees are most likely to benefit from a flexible spending account if they have
predictable health care expenses, such as insurance premiums.
15. Disability insurance payments are usually less than 25 percent of the employee's salary.
16. A defined contribution plan guarantees a specified or fixed level of retirement income.
17. According to ERISA, employees whose contributions are vested have met the
requirements to receive a pension at retirement age.
18. Tax-favored 529 savings plans allow employees to set aside a portion of their pretax
earnings to purchase long-term care insurance.
19. Tuition reimbursement programs offered by certain organizations cover the tuition and
other education related expenses of their workers' children.
20. The use of wellness programs and consumer-directed health plans in an organization
reflect its objective of controlling the cost of healthcare benefits.
21. Cafeteria-style plans permit employees to choose the types and amounts of benefits they
want for themselves from a given set of alternatives.
22. According to the Americans with Disabilities Act (ADA), employers are required to take
care not to discriminate against workers over age 40 in providing pay or benefits.
23. Under FASB standards, employers fund retirement benefits on a pay-as-you-go basis.
24. Employees and job applicants often have a poor idea of what benefits they have and what
the market value of their benefits is.
25. Which of the following is true of benefits?
26. Which of the following benefits is required by law in the United States?
27. In general, Social Security provides support for _____.
28. Which of the following legally required employer-provided benefits help workers injured on
the job?
29. Which one of the following employer-provided benefits is required by law in the U.S.?
30. Social Security is formally known as the _____.
31. Which one of the following is true of Social Security benefits?
32. Which legal benefit requires employers to pay payroll tax depending on state
requirements?
