Employee Benefits Quiz

What is included in a total compensation package?

• Only wages or salary

• Only incentive pay

• Only benefits

• A combination of wages or salary, incentive pay, and benefits

What is the term for compensation in forms other than cash?

• Salary

• Wages

• Employee benefits

• Incentive pay

Which of the following is NOT a required benefit by law?

• Workers compensation

• Unemployment insurance

• Health insurance

• Social security

What percentage of every dollar spent on compensation goes to benefits on average?

• 40 cents

• 30 cents

• 20 cents

• 10 cents

What is the purpose of the Social Security Act of 1935?

• To provide health insurance

• To establish a program of unemployment insurance

• To offer paid vacations

• To create retirement savings plans

What is the typical benefit level for unemployment insurance?

• Full previous earnings for 26 weeks

• One-third of previous earnings for 13 weeks

• Two-thirds of previous earnings for 52 weeks

• Half of previous earnings for 26 weeks

What is the most common type of insurance offered as an employee benefit?

• Dental insurance

• Pet insurance

• Vision insurance

• Medical insurance

What is an Employee Wellness Program (EWP) designed to do?

• Offer retirement plans

• Change health-related behaviors to reduce health risks

• Increase wages

• Provide paid leave

What must employers ensure under the Americans with Disabilities Act (ADA) regarding health insurance?

• Provide higher benefits to disabled employees

• Exclude disabled employees from health insurance

• Offer equal access to health insurance for disabled employees

• Charge higher premiums to disabled employees

What is a cafeteria plan in the context of employee benefits?

• A plan that includes only retirement benefits

• A plan that provides only health insurance

• A plan that allows employees to choose their benefits

• A plan that offers free meals to employees