Benefits

What is the benefit to the employer if they offer the employee health insurance?

• the employer doesn't pay tax on the amount spend on the health insurance costs

• the employer can write off the entire cost of the health insurance on their taxes

• the employee can have better access to the health serves they require

• the employee also doesn't pay taxes on the health insurance cost

Businesses are required to offer which benefits below (more than one answer applies)

• paid leave up to 12 weeks when you have a child

• Worker's Compensation

• Social Security Taxes

• health insurance

What is The family and Medical Leave Act?

• entitles employees up to 12 weeks of job-protected paid leave during a 12-month period

• entitles employees up to 12 weeks of job-protected unpaid leave during a 12-month period

Which are types of insurance you can get through your employer?

• Dental

• Car

• Life

• Health

Name 3 types of paid leave your employer can offer.

When your company offers you a stock option it means..

• you must keep all supplies stocked

• you can buy shares of the company. which means you own a small portion of the company you work for

Kendra puts 200 in her retirement plan monthly. This amount is automatically deducted before taxes. Is this statement true or false?

• True

• False

A 401k plan allows the employer to match the amount you contribute. For example, Kendra deposits 200 & her employer would match her contribution and also contribute 200 into her retirement account.

• True

• False

What is the benefit to the employee to have Cafeteria-Style benefits?

How does offering the employee paid time off, more sick days, and health insurance benefit the employer as well?