Question 1

_____ increases are provided as part of social security benefits for each year that the consumer price index increases.

Accepted Answer

A)  Unemployment benefits
B)  Cost-of-living
C)  Disability benefits
D)  Tuition
E)  Retirement plan

Question 2

The unemployment insurance program is financed largely through federal and state taxes on _____.

Accepted Answer

A)  employees
B)  employers
C)  retired personnel
D)  general public
E)  employment agencies

Question 3

In the context of benefits, which of the following is true of the demographics of a workforce?

Accepted Answer

A)  Younger employees are more concerned about medical coverage.
B)  Younger employees are more concerned about life insurance.
C)  Young, unmarried men often have more interest in benefits.
D)  Young, unmarried women have less interest in high salary and wages.
E)  Women of childbearing age care more about disability leave.

Question 4

Which of the following affects the amount of income that will be available to an employee upon retirement in defined contribution plans?

Accepted Answer

A)  The number of times an employee shifted jobs
B)  The number of employees covered in the plan
C)  The size of the organization
D)  The level of job performance
E)  The age at which investments are made

Question 5

The _____ requires employers to permit employees to extend their health insurance coverage at group rates for up to 36 months following a qualifying event, such as a layoff.

Accepted Answer

A)  Affordable Care Act (AC
A)  
B)  Americans with Disabilities Act (AD
A)  
C)  Employee Retirement Income Security Act (ERIS
A)  
D)  Consolidated Omnibus Budget Reconciliation Act (COBR
A)  
E)  Equal Employment Opportunity Commission (EEO
C)

Question 6

Which of the following individuals is eligible for unemployment benefits?

Accepted Answer

A)  Mark was discharged for willful misconduct.
B)  Ricky is not actively seeking out work.
C)  Marvin quit his job voluntarily.
D)  Jane is right out of college and looking to start her career.
E)  Mel lost her job due to outsourcing.

Question 7

In contrast to Social Security retirement benefits, unemployment benefits are taxed as ordinary income.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following was an amendment to the Social Security Act of 1935?

Accepted Answer

A)  Descendant's insurance
B)  Inability insurance
C)  Estate insurance
D)  Hospital insurance
E)  Posterity insurance

Question 9

U.S. companies increasingly provide some form of child care support to their employees. Discuss.

Accepted Answer

U.S. companies increasingly provide some...

Question 10

Which of the following statements is true about flexible spending accounts?

Accepted Answer

A)  They can only be used for dependent-care expenses.
B)  They restrict pretax employee contributions.
C)  They work best to the extent that employees have unpredictable expenses.
D)  Funds must be used by the plan's year end or they revert to the employer.
E)  These accounts cause a reduction in the take-home pay.

Question 11

Where employee contributions completely fund the disability insurance plan, there is no federal tax.

Accepted Answer

A) True 
 B)False

Question 12

Discuss the concepts of HMOs and PPOs.

Accepted Answer

Health maintenance organizations (HMOs)a...

Question 13

According to the Americans with Disabilities Act (ADA) ,

Accepted Answer

A)  the terms and conditions of health insurance should not be based on risk factors.
B)  the terms of health insurance should not be a subterfuge to deny benefits to those with disabilities.
C)  employers with no risk-based programs are in stronger positions.
D)  employers who make changes after hiring employees with disabilities are in a stronger position.
E)  employees with disabilities have more access to whatever health coverage other employees have access to.

Question 14

Which of the following media is least used by organizations to communicate benefit plans?

Accepted Answer

A)  Enrollment materials (online or paper) 
B)  Group employee benefits communications with the benefits vendor
C)  Group employee benefits communications with an organizational representative
D)  One-to-one employee benefits counseling with an organizational representative
E)  Direct mail to home/residence

Question 15

What factors should be considered when thinking about cost control strategies?

Accepted Answer

It is useful to consider three factors w...

Question 16

Which one of the following is true about workers' compensation?

Accepted Answer

A)  Worker compensation benefits focuses primarily on dealing with the increasing cost of living.
B)  Unlike before, injuries that are self-inflicted and stem from intoxication are now covered as well.
C)  Housing plans and pension services are included in worker compensation.
D)  Self-funding of disability income by employers is restricted in most states.
E)  Disability benefits that are part of workers' compensation are tax free.

Question 17

_____ plans do not promise a specific benefit level for employees upon retirement.

Accepted Answer

A)  Defined benefit
B)  Term benefit
C)  Defined contribution
D)  Flexi benefit
E)  Cash balance

Question 18

Employee wellness programs primarily aim at:

Accepted Answer

A)  providing treatment for ailing employees.
B)  managing health-care costs by helping employees in need.
C)  providing rehabilitation services.
D)  managing insurance-related queries from employees.
E)  changing health-related behaviors both on and off work time.

Question 19

Which of the following is true about social security as a benefits program?

Accepted Answer

A)  It does not cover unemployment insurance.
B)  It is the only plan that requires no employee to meet any eligibility criteria.
C)  It covers mostly employees of railroad and federal, state, and local government employees.
D)  It does not require minimum earnings to be fully insured.
E)  It is entirely free from federal tax.

Question 20

Which of the following is true about Social Security retirement benefits?

Accepted Answer

A)  Benefits are subject to federal income tax.
B)  An earnings test exists for those beneficiaries aged 50 and under.
C)  Currently, an earnings test is required for those who have reached retirement age.
D)  Benefits are entirely free from state income tax throughout the U.S.
E)  An earnings test increases a person's incentive to retire.

Exam 13: Employee Benefits

Which of the following individuals is eligible for unemployment benefits?

Correct AnswerverifiedShow Answer

Discuss the concepts of HMOs and PPOs.

Correct AnswerverifiedHealth maintenance organizations (HMOs)a...View AnswerShow Answer

Which of the following affects the amount of income that will be available to an employee upon retirement in defined contribution plans?

Correct AnswerverifiedShow Answer

Employee wellness programs primarily aim at:

Correct AnswerverifiedShow Answer

U.S. companies increasingly provide some form of child care support to their employees. Discuss.

Correct AnswerverifiedU.S. companies increasingly provide some...View AnswerShow Answer

Which one of the following is true about workers' compensation?

Correct AnswerverifiedShow Answer

What factors should be considered when thinking about cost control strategies?

Correct AnswerverifiedIt is useful to consider three factors w...View AnswerShow Answer

In the context of benefits, which of the following is true of the demographics of a workforce?

Correct AnswerverifiedShow Answer

Which of the following media is least used by organizations to communicate benefit plans?

Correct AnswerverifiedShow Answer

Which of the following is true about Social Security retirement benefits?

Correct AnswerverifiedShow Answer

According to the Americans with Disabilities Act (ADA) ,

Correct AnswerverifiedShow Answer

_____ plans do not promise a specific benefit level for employees upon retirement.

Correct AnswerverifiedShow Answer

Which of the following statements is true about flexible spending accounts?

Correct AnswerverifiedShow Answer

_____ increases are provided as part of social security benefits for each year that the consumer price index increases.

Correct AnswerverifiedShow Answer

Which of the following was an amendment to the Social Security Act of 1935?

Correct AnswerverifiedShow Answer

The unemployment insurance program is financed largely through federal and state taxes on _____.

Correct AnswerverifiedShow Answer

The _____ requires employers to permit employees to extend their health insurance coverage at group rates for up to 36 months following a qualifying event, such as a layoff.

Correct AnswerverifiedShow Answer

Where employee contributions completely fund the disability insurance plan, there is no federal tax.

Correct AnswerverifiedShow Answer

Which of the following is true about social security as a benefits program?

Correct AnswerverifiedShow Answer

In contrast to Social Security retirement benefits, unemployment benefits are taxed as ordinary income.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified
Health maintenance organizations (HMOs)a...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
U.S. companies increasingly provide some...
View Answer

Correct Answer
verified

Correct Answer
verified
It is useful to consider three factors w...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified