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WorksheetsAQR 1SE Review Part 2
Total questions: 15
Worksheet time: 8mins
This required benefit is set at 6.2% that both the employee and employer must pay to prepare for retirement.
Workers Compensation
Social Security
Unemployment Compensation
Medicare
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
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
Having this benefit option allows you to use non taxable money on certain out-of-pocket care costs.
Commission
Flexible Spending Account
Retirement
Life Insurance
Sue’s mother has become seriously ill. Sue needs to take off time from work to care for her mother. Which benefit entitles Sue to have up to 12 weeks of job-protected, unpaid leave during any 12-month period to care for her mother?
FICA
FMLA
Vacation Time
Personal Time
In addition to this benefit being tax deductible for the business, the employee gets this benefit completely tax-exempt.
403(b)
401(k)
Auto Insurance
Health Insurance
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?
$3,000
$3,150
$5,500
$2,500
A nurse’s aide has earned $21,670 so far this year. She earned $1,970 this month. How much is deducted this month for Social Security?
$122.14
$1,343.54
$12,214
$134,354
Which of the below is an employer based retirement plan that both employees and employers contribute to?
Traditional IRA
Roth IRA
401K
Pension
A salary-reduction retirement plan offered by a tax-exempt institution, such as a hospital or a non-profit organization.
401(k)
403(b)
Roth IRA
Defined Benefit Plan
