Question

29) Chad finds that he meets the eligibility requirements for Social Security. He elects to receive retirement benefits at 62. Which statement is true?

A) He will receive full retirement benefits.

B) He will receive retirement benefits only according to his earnings history.

C) He will not be eligible for worker's compensation.

D) He will receive benefits at a permanently reduced level.

E) His exempt amount limits will be lifted.

30) Two management students, Gunther and Jake, discuss the pros and cons of employee benefits. Gunther states that unemployment insurance is more advantageous to employees than it is to employers, while Jake argues that employers receive more rewards from it. Which statement weakens Jake's argument?

A) Unemployment insurance provides employers a competitive advantage in the talent market.

B) The amount of an employer's unemployment insurance tax depends on the number of employees.

C) Federal and state taxes paid by employers fund most of unemployment insurance.

D) Unemployment insurance does not provide assistance to unemployed workers looking for new jobs.

E) Unemployment insurance does not include payments to offset lost income during voluntary unemployment.

31) What is a true of unemployment insurance?

A) It provides payments to offset lost income during voluntary unemployment.

B) Most funding for unemployment insurance is provided by employees.

C) Unfavorable experience ratings of employers lead to higher premiums.

D) Costs for unemployment insurance are standard across the country.

E) It is a voluntary program based on number of employers in a specific state.

32) In which situation do workers become eligible for unemployment benefits?

A) when they have worked only for a few days

B) when they are out of work because they are sick

C) when they are discharged because of willful misconduct

D) when they are actively seeking work

E) when they are out of work because of a labor dispute

Answer 1

Ans 29: D) He will receive benefits at a permanently reduced level.

Ans 30: C) Federal and state taxes paid by employers fund most of unemployment insurance.

Ans 31: C) Unfavorable experience ratings of employers lead to higher premiums.

Ans 32: D) when they are actively seeking work