Video 3.1 Fill Ins

Video 3.1 Fill Ins

11th - 12th Grade

10 Qs

quiz-placeholder

Similar activities

Investing for Retirement

Investing for Retirement

9th - 12th Grade

15 Qs

Ch 8 Investing & Retirement Review

Ch 8 Investing & Retirement Review

9th - 12th Grade

15 Qs

Chapter 8 - Money In Review

Chapter 8 - Money In Review

11th Grade

15 Qs

Understanding Your Pay Stub

Understanding Your Pay Stub

11th Grade

12 Qs

6.3 -- Income Statment

6.3 -- Income Statment

12th Grade

10 Qs

What Do You Know?

What Do You Know?

9th - 12th Grade

13 Qs

Accountic Basic NOCTI Sample Questions (Set 1)

Accountic Basic NOCTI Sample Questions (Set 1)

9th Grade - University

12 Qs

Paycheck and Budget Terms Assessment

Paycheck and Budget Terms Assessment

12th Grade

9 Qs

Video 3.1 Fill Ins

Video 3.1 Fill Ins

Assessment

Quiz

Other

11th - 12th Grade

Hard

Created by

Brent Laux

Used 5+ times

FREE Resource

10 questions

Show all answers

1.

FILL IN THE BLANK QUESTION

15 mins • 1 pt

As you enter the workforce, it’s a good idea to be familiar with the components of an employee benefits package. Employee benefits are various _____ - __________ compensations provided to employees in addition to their normal wages or salaries. The purpose of employee benefits is to increase the financial security of staff members, and in doing so, improve worker retention across the organization.

2.

FILL IN THE BLANK QUESTION

15 mins • 1 pt

Common employee benefits are retirement plans,

savings plans, ________________, leave (sick, vacation, etc.), stock purchase, educational reimbursement, incentive plans and cafeteria plans. In addition to considering salary when you are offered employment with a company, you should also evaluate the employer’s benefits package.

3.

FILL IN THE BLANK QUESTION

15 mins • 1 pt

Simplified Employee Pension Plan (SEP): A self employed

person may deduct up to _____ of their net profit

on the business by investing in a SEP.

4.

FILL IN THE BLANK QUESTION

15 mins • 1 pt

__________ is a retirement savings plan offered by a

corporation to its employees. The employee contributes

money to the 401(k) from his/her gross pay, and the

money in the account grows tax deferred. In some cases,

employers will match the employee’s contribution,

but you should fund your plan whether your company

matches or not.

5.

FILL IN THE BLANK QUESTION

15 mins • 1 pt

403(b) is found in ____________________ organizations such as

churches, hospitals and schools.

6.

FILL IN THE BLANK QUESTION

15 mins • 1 pt

457 is deferred compensation, which means you are

deferring or putting off compensation. Usually this is

available for ____________________ employees.

7.

FILL IN THE BLANK QUESTION

15 mins • 1 pt

Do not use a Guaranteed Investment Contract (GIC)

or bond funds to fund your plan. This is like a CD inside

of your 401(k). You will only make about 3–4%, and it will

not help you win ___________ ___________.

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?