6.4 Quiz

Value-added options that an employer may choose to offer employees.

• Employee Benefits

• Base Period

• Salary

A type of retirement plan where an employee receives compensation from an employer after retirement.

• Worker's Compensation

• Pension

• Base Period

• Unemployment Insurance

A government program that offers benefits to eligible employees who, through no fault of their own, have become unemployed.

• Pension

• Individual Health Care

• Unemployment Insurance

Ruth contributes 18% of the total cost of her individual health care. This is a $67.50 deduction from each of her biweekly paychecks.

What is the TOTAL value of her individual coverage for the year?

• $9,750

• $9,500

• $10,300

• $11,100

As part of their employee benefits, all workers at Middletown Electronics receive a pension that is calculated by multiplying the number of years worked times 1.65% of the average of their three highest years' salary.

Maureen has worked for Middletown for 27 years and is retiring. Her highest salaries are $97,000, $97,800, and $98,198.

Calculate Maureen's pension.

• $41,203.42

• $53,342.40

• $45,304.30

• $43,510.20

In Don's state, the unemployment compensation is calculated by finding the total of the quarterly wages of two consecutive quarters and dividing that amount by 26. The weekly unemployment amount is 47% of that figure.

In the quarter consisting of January, February, and March, Don made a total of $19,574. In the quarter consisting of April, May, and June, he made a total of $21,974.

Find Don's weekly unemployment amount.

• $893.29

• $751.06

• $719.23

• $804.34