Answers26.27 TCEC FINANCIAL LITGross Pay vs. Net Pay

Employee Benefits Answers

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4

If total employee benefits are calculated as a percentage of their gross pay, which of the following employees receives the largest percentage of their gross pay in employee benefits?

A
Employee A: gross pay $32,600 , total job benefits $33,600
B
Employee B: gross pay $32,900 , total job benefits $34,000
C
Employee C: gross pay $33,400 , total job benefits $33,900
D
Employee D: gross pay $33,700 , total job benefits $34,700
5

Which of these is an example of an employer using benefits to encourage employees to stay with the company?

A
The employer provides paid time off, which the employee must use in the calendar year.
B
The employer provides benefits which are in line with the standard benefits provided by other employers in the industry.
C
The employer matches the amount of money that the employee pays towards Social Security.
D
The employer offers stock options, which require the employee to work for a specific amount of time before they vest.
7

Which of the following employees has the greatest total employee compensation?

A
Employee A: total job benefits $68,100 and total job expenses $100
B
Employee B: total job benefits $68,400 and total job expenses $300
C
Employee C: total job benefits $68,700 and total job expenses $800
D
Employee D: total job benefits $69,000 and total job expenses $1,000
16

If total employee benefits are calculated as a percentage of their gross pay, which of the following employees receives the largest percentage of their gross pay in employee benefits?

A
Employee A: gross pay $32,600 , total job benefits $33,600
B
Employee B: gross pay $32,900 , total job benefits $34,000
C
Employee C: gross pay $33,400 , total job benefits $33,900
D
Employee D: gross pay $33,700 , total job benefits $34,700
20

Employee benefits ______.

A
decrease total employment compensation
B
increase total employment compensation
C
decrease net pay
D
increase net pay

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