In: Finance
1. Which of the following are likely to be the most valuable employee benefits for a 30-year-old divorced woman with two dependent children? Select any three.
company gym
health insurance
child care
retirement plan
catastrophic health insurance
long-term-care insurance
2. Assuming that you take _________ and the cost of medical insurance is the same if you buy it on your own or receive it through your employer, it would typically be ________ to buy $4,000 in medical benefits through payroll deduction instead of $4,000 in cash compensation.
the standard deduction; equal
itemize deductions; equal
itemize deductions; better
the standard deduction; worse
3. Which of the following is not an advantage of group benefits to employees as compared to buying them on their own?
Insurers can charge lower premiums because they have lower underwriting costs.
Insurers can charge lower premiums because they have lower costs of administering the plan.
Employees will have more choices.
Employees can receive the benefits without reporting them as taxable income.
1. Which of the following are likely to be the most valuable employee benefits for a 30-year-old divorced woman with two dependent children?
Answer :
health insurance,
retirement plan,
child care
2. Assuming that you take _________ and the cost of medical insurance is the same if you buy it on your own or receive it through your employer, it would typically be ________ to buy $4,000 in medical benefits through payroll deduction instead of $4,000 in cash compensation.
Answer :
itemize deductions; better
3. Which of the following is not an advantage of group benefits to employees as compared to buying them on their own?
Answer :
Employees will have more choices.