Brenden wants to set aside money for times when he may be without work due to illness or layoffs. c. training to learn a new hobby No, there are many stock markets around the world, and they are independent of one another. Consumer Product Safety Commission c. a commercial bank On-the-job training is usually paid for by the employer. Joaquin is trying to decide whether to get the training or put the money in savings for retirement. She also wants to be able to access her money if the need should arise. Postemployment employee benefits include all of the following, except a. Postemployment medical care b. a. How is a student loan different from a scholarship? Check all that apply. c. life-enrichment director and event planner at a retirement home IAS 19 Employee Benefits (amended 2011) outlines the accounting requirements for employee benefits, including short-term benefits (e.g. $6 What is Keisha's net worth? Can I pay at least the minimum payment each month? a. assets family court judge. a. Has she compared prices? Disability insurance. Checking accounts prevent the customer from having overdraft fees. a. income b. Once stocks are on the market, which best explains how their prices are set? b. b. -career outlook. Which equations are true for x = 2 and x = 2? She should research the benefits included in each offer. a. What does purchasing insurance for a business reveal about the business owner's attitude toward financial risk? as soon as they can. In general, the amount the employer must include is the amount by which the fair market value of the benefits is more than the sum of what the employee paid for it plus any amount that the law excludes. What must he consider before using that method of payment? True b. d. b. Roderigo will allow interest capitalization. $10 per year until the loan is paid off. Kenya used money directly from her bank account to buy the jeans. What does she need to have when she goes to the bank? c. Is she buying at the right time? 4,500 d. The career is shrinking and will provide fewer opportunities over time. a. Shondra should be sure she will remember to call the store each month to make the payment. d. Raj is looking for an investment with a fast return so he can reinvest. b. training to improve one's health The annual percentage rate on the credit card is 12%. In a mortgage, the amount of money borrowed is called the (blank). She must be sure there is at least $135 in her bank account for the purchase. b. She has to decide whether to use a credit card or to finance the bike through the store. Tamera and Rupert each applied for the same credit card through the same company. a. getting a high interest rate on a credit card offer b. They both use taxes to support a country's growth. to determine the customer's job title c. Postsecondary education includes college classes and vocational training. Which method would be best? Fringe View the full answer Transcribed image text: Which of the following best describes how employee benefits can be used for tax planning? b. gathering information on available housing. Since they filed bankruptcy in the past, a couple ends up paying a 12% fixed rate for a 30 year mortgage. social security number. The loan has a duration of ten years and an interest rate of 7.6%, compounded monthly. c. Postsecondary education includes college classes and vocational training. d. $50,000. c. Shondra should be sure she will have enough in her account to be able to make the monthly payments. c. It's important to keep accurate records. $7,353.80 What is the first step in the decision-making process? Food and Drug Administration to determine if he needs a credit card Treasury bills Youre considered the provider of a fringe benefit even if a third party, such as your client or customer, provides the benefit to your employee for services the employee performs for you. I and II a. Julio is correct because the $45,000 equity in the house is the real asset. b. obtaining a low interest rate on a loan b. how much sales tax has been paid $23,650.00 a. Moreover, cooperation among employees is better in a harmonious work environment. d. The 25% discount is better; it saves $12.50 more. The Department of Labor's Health Benefits Under the Consolidated Omnibus Budget Reconciliation Act (COBRA) provides information on the rights and protections that are afforded to workers under COBRA. b. Yuri must know the interest rate on a furniture loan. a. to determine the customer's income Learn more about Compensation employees here: i say this because when it says benefits it mean what other stuff u get for working there like paid vacations, This site is using cookies under cookie policy . They have a history of not making their payments on time. If Shona only has $40 to spend, which store will she purchase the rug from, and how much will she have left over? Shred all mail with personal information before discarding it. c. when bulk items are not on sale anymore a. She should research the average salary of similar positions to see if the offers are fair. 1,000 a. Tamera's credit limit is most likely higher than Rupert's, and her interest rate is most likely lower. 175,760 There is never a sure way to predict the likelihood of success. What should she consider in this process? II and IV are governmental; I and III are not. b. making sure a paycheck arrives on time c. a. a. Fido's decision is sensible because the selling price of the car should be less in a few months. Personal loans are secured for small purchases, while credit cards are unsecured loans for large amounts. a. II. c. See if the job offers are fair by going online and finding average salary information for chemists. $433.88 False True Deferred profit-sharing plans tend to be classified as "contributory benefits." a. She should use a personal blog of an architect since it is a person in the industry. d. Shondra should consult with a credit counseling service. getting large amounts of money to use immediately, getting large amounts of money to use immediately. b. Why is compound interest preferable to simple interest? Jared would like a career with regular hours. the person's social security number II & III only c. b. the total salary and retirement benefits for all the years worked a. cost. The federal income tax withholding from his pay was 9% of his gross pay. d. Fido's decision is not sensible because it does not matter if he buys the car now or in a few months. Tayesha wants to find more information about a career in architecture. See Publication 15-B, Employers' Tax Guide to Fringe Benefits, for more information. b. They are issued in cooperation with the student's university to reduce costs and paperwork. He has a stamp collection worth $1,250 and he has $300 in a bank account. $45.94 Life insurance is among the top three nonmandatory benefits offered by Canadian firms with at least 10 employees. a. Julio is correct because the $45,000 equity in the house is the real asset. a. On-the-job training is usually paid for by the worker. Visit the websites of all of the companies to learn more about them. She is to pay a federal income tax of 16%. Which statement explains whether Julio is correct? $88,700 Which describes the difference between a personal loan and a credit card? 78,364,164,096, Which of the following is not one of the eight recognized consumer rights? Which statement is true? b. She will have $2.93 left over. c. b. the amount of cash saved d. The simple interest on a loan of $200 at 10 percent interest per year is e. paying a credit card balance in full each month, b. making late payments c. If Claudius started paying off the loan when he graduated, what is his monthly payment? d. EFT from a different bank into the account. Engineer: design, plan, or manage a system such as machines, computers, or roads. Which is the most important consideration when deciding to purchase or lease a vehicle? a. progressive taxes. b. a. I and II Kenya used money directly from her bank account to buy the jeans. Check all that apply. Which explains why he should establish a positive credit history before buying the house? c. doctor in a research facility for a large drug company Employee benefits are the total income you receive over your lifetime. Kanya wants to buy a laptop that costs $420. Can I pay at least the minimum payment each month? Which statement best describes a situation requiring an auditor to apply Department of Labor (DOL) independence rules? c. the amount of money borrowed excluding accrued interest c. b. if you are saving each month for a new car At what point does buying in bulk stop being a wise spending choice? Which is a possible benefit of having a good credit history? a. post-secondary education d. decreases annually. Mandatory benefits, also known as statutory benefits, are benefits that employers are required by law to provide to their employees. d. Postsecondary education includes personal skills and interests. a) The income may be used to find a replacement for the key employee. Check all that apply. Which statements describe Emma's financial skills? b. Fido's decision is sensible because the cost of the car loan should be less if his credit history improves. municipal bonds b. who lives on a property. to receive a bill at a later date d. comparing the cost of housing alternatives. Which best describes the role that government and business play in investments? d. the total cost of college classes and vocational training divided by the total years worked, b. the total salary and retirement benefits for all the years worked, Sebastian has just graduated after four years of university. explaining that she has many outstanding loans Capital appreciation refers to b. gathering information on available housing. To revise a monthly budget, changes in which categories might need to be addressed? $441 c. She should research the average salary of similar positions to see if the offers are fair. Round all dollar values to the nearest cent. c. A student loan is a form of financial aid, but a scholarship is not. e. monthly bank fee of $, a. direct deposit of a paycheck Generally, an employer decides which benefits are offered, which employees are eligible for each benefit, and how much of the benefit an employee may receive. income c. Will I have to take out a loan? d. She should call the bank to have the charge taken off her account. In addition to federal income tax, many people also pay Which will most likely help her get the lowest interest rate? Emily is deciding whether to buy the same designer jacket her friends have. A monthly fixed rate mortgage payment Health insurance programs allow workers and their families to take care of essential medical needs. I. the stamp collection, the bank account, and the skateboard, the stamp collection, the bank account, and the skateboard, A 7 character computer password is made up of 4 letters followed by 3 numbers. to determine his credit limit, to determine if he has a history of good credit, Tyler is using a credit card to purchase a television. The rebate is better; it saves $75 more. He also has a skateboard worth $95.Which are Brandon's assets? $7,904.04 c. c. down payment How is Jessica's lender likely to view this credit score? What is the price of the sofa. A pet groomer gave 9 baths, 15 nail trims, 8 brush-outs, and 5ear cleanings.For every 5nail trims, the groomer gave 3. a. Emma is more prepared to meet her basic needs. d. Shona can afford the rug in store A. d. The bank will charge a fee for having a negative balance. bank. 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