In addition to this benefit being tax deductible for the business, the employee gets this benefit completely tax-exempt.

Your annual salary is $50,000. Your employer matches up to 5%. If you contribute $3,000 to the account this year, how much is in the account?

Employers may choose to offer this employee benefit so that employees gain a sense of ownership in the company. Employees feel as though they are not just working for the company, but also for themselves.

This employee benefit promises a specific monthly benefit as an exact dollar amount at retirement.

Your annual salary is $35,000. Your employer matches up to 3%. Assuming you maximize your contribution, but do not go over the amount the company is willing to match, how much is in your 401(k)?

A salary-reduction retirement plan offered by a tax-exempt institution, such as a hospital or a non-profit organization.

A car salesperson who receives 20% of the profit on the sale of each vehicle is receiving which employee benefit?

Ted has a bachelor’s degree in business. In order to be promoted he would need a MBA. His employer offers to pay for his degree in exchange for his continual work with the company for the next 3 years. This is an example of which employee benefit?

You are offered a compensation package that includes the following: $60,000 base salary, $2,000 signing bonus, $3,000 health benefits, and a $2,000 retirement plan contribution if you utilize the match. What is the total value of this job offer?

Programs that allow workers to choose the benefits that best meet their personal needs.

A tax-advantaged account that allows an employee to set aside a portion of earnings to pay for qualified expenses.

If you contribute $2,000 to your 401(k) and your company matches up to 5%, how much is in the account (assume you have not gone over the 5% match)?

You are offered a compensation package that includes the following: $40,000 base salary, $5,000 in health benefits for your family, $300 in dental and vision insurance benefits, $200 in life insurance benefits, and up to a $2,000 retirement plan contribution. What is the total value of this job offer?

A salary-reduction retirement plan offered by a for-profit institution where the employer may match your contributions up to a certain percentage.

The benefit of being paid for a day off such as: New Year’s Day, Easter, Memorial Day, Independence Day, Labor Day, Thanksgiving, and Christmas.

An employee benefit that provides a bank of hours in which the employer pools sick days, vacation days, and personal days and allows employees to use as the need or desire arises.

Joe pays $2,000 towards Social Security and Medicare. How much does his employer pay?

With this benefit the employer pays a portion of the premium to provide oral hygiene coverage for employees.

Kate met her sales goal and is rewarded by getting to work the 8 AM- 5 PM shift instead of the 11 AM- 8 PM shift for the month.