3006 Final Exam 2024/questions With Correct Detailed And Verified Answers/a+ Grade

Employer benefits can be worth up to ___ of your base salary. {Ans: } 50%Generally the two main employer benefits with the highest value are: {Ans: } Retirement and health plansAssume you have a 401-K plan and that your employer requires you to stay five years to "vest" in the plan. If you leave the company in three years then, {Ans: } You will lose the amount your employer contributed to the plan plus the earnings, but you will retain your contributions and the earnings thereonWhich of the following health plans offers the most choice in doctors and has the highest cost? {Ans: } PPOWhich of the following health plans generally requires that you first see your primary care physician and remain within a restricted network of doctors? {Ans: } HMOWhich of the following is TRUE? {Ans: } Flexible spending and health savings accounts are shown as reductions to your W-2 income, and thus save federal taxesAfter enrolling in your primary health insurance plan, which of the following is the next MOST important insurance that all employees should sign up for during open enrollment? {Ans: } Disability insuranceAssume the following: Gross salary = $120,000 Employee contributions to 401-K = $12,000