Wages & Benefits Test Review

What is the federal law that requires employers to provide unpaid time off for family medical emergencies?

• Paid Time Off

• Family and Medical Leave Act

• Bereavement Act

• Civil Rights Act of 1964

Which type of retirement account is established by the employer and the employer contributes to the account based on company profits?

• Profit Sharing

• 401k

• 403b

• Pension

These types of benefits are required to be paid by employers by law

• Elective Benefits

• Retirement Benefits

• Statutory Benefits

• Death Benefits

What are the hours worked more than the standard 40-hour work week called?

• Extra Time

• Overtime

• Unpaid Time

Non-Exempt workers are eligible for overtime pay.

• True

• False

What percentage of Social Security does an employee contribute?

• 1.45%

• 12.4%

• 6.2%

• 2.9%

Which statutory benefit provides continuation of income if a worker is injured on the job?

• Social Security

• Medicare

• Unemployment Insurance

• Worker's Compensation

Employers with less than 50 employees are required to provide health insurance to their employees.

• True

• False

Disability Insurance is a statutory benefit.

• True

• False

401k earnings grow tax-deferred.

• True

• False