Employment Benefits and Taxes Quiz

What is the average percentage that benefits add to total compensation packages according to the U.S. Department of Labor?

• 10%

• 30%

Which of the following is an example of a recognition incentive provided by employers?

• Thanks and praise

• Bonuses

What is the purpose of an I-9 form in the employment process?

• To request time off

• To prove legal right to work in the U.S.

What is the purpose of a W-2 form in the employment process?

• To show employee's earnings and taxes withheld

• To prove legal right to work in the U.S.

What is the purpose of a W-4 form in the employment process?

• To file for taxes

• To calculate the correct amount of taxes to withhold from employee's paychecks

Which of the following is an example of a reward incentive provided by employers?

• Raises

• Gifts

What is the purpose of matching contributions to retirement plans provided by employers?

• To provide extra money for employees' retirement plans

• To help employees find and keep good employees

Which of the following is an example of an appreciation incentive provided by employers?

• Raises

• Company parties and celebrations

What is the purpose of rewards incentives provided by employers?

• To give to employees for achieving specific goals

• To provide increased pay for excellent job performance

What is the purpose of compensation incentives provided by employers?

• To provide increased pay for excellent job performance

• To give employees for achieving specific goals