Fin Math UNIT 3 Vocabulary Test

This required benefit is set at 1.45% that both the employee and employer must pay to prepare for health care.

• Workers Compensation

• Social Security

• Unemployment Compensation

• Medicare

Employers must pay this for every employee in case they cannot find a job in the future.

• Family & Medical Leave Act

• Jury Duty

• Workers Compensation

• Unemployment Compensation

If you get injured at work & cannot work for a while, this mandatory employee benefit will help supplement the income you would be losing.

• Workers Compensation

• Disability

• Family & Medical Leave Act

• Unemployment Compensation

When you get called for Jury Duty, your employer must give you paid time off.

• True

• False

This mandatory benefit allows eligible employees to take up to 12 work weeks off for unpaid leave for certain situations.

• Family and Medical Leave Act

• Health Insurance

• Unemployment

• Workers Compensation

If an employer has 50+ employees, they must offer which two employee benefit options?

• Disability

• Family and Medical Leave Act

• Health Insurance

• Life Insurance

Which of the following options are included in medical insurance?

• health insurance

• wellness insurance

• vision insurance

• dental insurance

When a worker is injured on their own time, this benefit helps replace the lost wages during the time they cannot work.

• Unemployment

• Retirement

• Disability

• Workers compensation

These funds are set aside to provide people with an income when their career ends.

• Retirement

• Medicare

• Disability

• Unemployment

This retirement option is now the most popular and is offered by for-profit institutions.

• Pension

• 401(K)

• 403(B)