Question 1

How often will Jill receive an unemployment check?

Accepted Answer

A)  daily 
B)  weekly 
C)  bi-monthly 
D)  monthly 
A)  daily 
B)  weekly 
C)  bi-monthly 
D)  monthly B

Question 2

This Medicare Plan was established with the passage of the Balanced Budget Act of 1997 as an alternative to the original program (parts A &B).

Accepted Answer

A)  Medicare Select 
B)  Medicare Prescription Drug Program 
C)  Medicare Advantage 
D)  Medigap 
A)  Medicare Select 
B)  Medicare Prescription Drug Program 
C)  Medicare Advantage 
D)  Medigap C

Question 3

If Fred signs up for Medicare Part B,what percent of his medical services and supplies will be covered after he has paid his annual deductible?

Accepted Answer

A)  25% 
B)  33% 
C)  60% 
D)  80% 
A)  25% 
B)  33% 
C)  60% 
D)  80% D

Question 4

Medicare Select is one of the choices under which Medicare Plan?

Accepted Answer

A)  Medicare Prescription Drug Program 
B)  Medicare Advantage 
C)  Medigap 
D)  Medicare+Choice 
A)  Medicare Prescription Drug Program 
B)  Medicare Advantage 
C)  Medigap 
D)  Medicare+Choice

Question 5

In 2011,how much would you have to earn to qualify for one quarter of credit for OASDI coverage?

Accepted Answer

A)  $625 for each quarter 
B)  $760 for each quarter 
C)  $920 for each quarter 
D)  $1,120 for each quarter 
A)  $625 for each quarter 
B)  $760 for each quarter 
C)  $920 for each quarter 
D)  $1,120 for each quarter

Question 6

Medicare Part A is based on what type of health care option?

Accepted Answer

A)  preferred provider plan 
B)  medical savings account 
C)  managed care plan 
D)  fee-for-service 
A)  preferred provider plan 
B)  medical savings account 
C)  managed care plan 
D)  fee-for-service

Question 7

If the CEO of a new company asked you how much per employee she will be taxed by FUTA,what would you tell her?

Accepted Answer

A)  3.5% of the first $7,000 
B)  6.2% of the first $7,000 
C)  6.2% of the first $10,000 
D)  3.5% of the first $10,000 
A)  3.5% of the first $7,000 
B)  6.2% of the first $7,000 
C)  6.2% of the first $10,000 
D)  3.5% of the first $10,000

Question 8

To receive OASDI disability benefits,Sung Lee's disability would have to be expected to last at least how long?

Accepted Answer

A)  6 months 
B)  12 months 
C)  3 months 
D)  18 months 
A)  6 months 
B)  12 months 
C)  3 months 
D)  18 months

Question 9

What is the only state where employers are not required to fund workers' compensation programs?

Accepted Answer

A)  Michigan 
B)  New York 
C)  Texas 
D)  Oregon 
A)  Michigan 
B)  New York 
C)  Texas 
D)  Oregon

Question 10

How is Medicare Part A financed?

Accepted Answer

A)  payroll taxes paid only by employers 
B)  out-of-pocket 
C)  payroll taxes paid by both employers and employees 
D)  congressional fiat 
A)  payroll taxes paid only by employers 
B)  out-of-pocket 
C)  payroll taxes paid by both employers and employees 
D)  congressional fiat

Question 11

Which Medicare plan offers enrollees lower premiums in exchange for limiting their choice of health care providers?

Accepted Answer

A)  Medicare+Choice 
B)  Medigap 
C)  Medicare Select 
D)  Medicare Advantage 
A)  Medicare+Choice 
B)  Medigap 
C)  Medicare Select 
D)  Medicare Advantage

Question 12

________ specify insurance rates based on classifications of businesses.

Accepted Answer

The answer of ________ specify insurance rates based on classifications...

Question 13

What were the Medicare Part A monthly premiums in 2011?

Accepted Answer

A)  $450 
B)  $250 
C)  $600 
D)  $161 
A)  $450 
B)  $250 
C)  $600 
D)  $161

Question 14

________ financing implies that the company assumes total costs for each discretionary benefit.

Accepted Answer

The answer of ________ financing implies that the company assumes...

Question 15

________ occurs when a worker has his or her job status negatively affected or is terminated as a result of filing a workers' compensation claim.

Accepted Answer

The answer of ________ occurs when a worker has his...

Question 16

In 2022,how old will Cary have to be to receive full Social Security benefits?

Accepted Answer

A)  57 
B)  62 
C)  65 
D)  67 
A)  57 
B)  62 
C)  65 
D)  67

Question 17

To be fully insured under OASDI,an employee would have to work at least how long?

Accepted Answer

A)  24 months 
B)  5 years 
C)  10 years 
D)  12 months 
A)  24 months 
B)  5 years 
C)  10 years 
D)  12 months

Question 18

Which one of the following is a wrong belief regarding the Social Security System in the United States?

Accepted Answer

A)  The viability of Social Security programs has been a subject of heated debates between Democrats and Republicans across the country. 
B)  The Social Security taxes paid by today's workers and their employers are used to pay the benefits for today's retirees and other beneficiaries. 
C)  Social Security taxes paid by employees and their employers are held in interest-bearing accounts set aside by the federal government to meet their own future retirement income needs. 
D)  The Social Security System is a pay-as-you-go system. 
A)  The viability of Social Security programs has been a subject of heated debates between Democrats and Republicans across the country. 
B)  The Social Security taxes paid by today's workers and their employers are used to pay the benefits for today's retirees and other beneficiaries. 
C)  Social Security taxes paid by employees and their employers are held in interest-bearing accounts set aside by the federal government to meet their own future retirement income needs. 
D)  The Social Security System is a pay-as-you-go system.

Question 19

The average monthly benefit for all retired workers earning old age benefits as of June 2010 was how much?

Accepted Answer

A)  $425 
B)  $780 
C)  $1,170 
D)  $1,712 
A)  $425 
B)  $780 
C)  $1,170 
D)  $1,712

Question 20

Briefly discuss the components of legally required benefits.How can HR managers minimize the costs that are associated with legally required benefits?

Accepted Answer

Legally required benefits are mandated b

How often will Jill receive an unemployment check?

This Medicare Plan was established with the passage of the Balanced Budget Act of 1997 as an alternative to the original program (parts A &B).

If Fred signs up for Medicare Part B,what percent of his medical services and supplies will be covered after he has paid his annual deductible?

Medicare Select is one of the choices under which Medicare Plan?

In 2011,how much would you have to earn to qualify for one quarter of credit for OASDI coverage?

Medicare Part A is based on what type of health care option?

If the CEO of a new company asked you how much per employee she will be taxed by FUTA,what would you tell her?

To receive OASDI disability benefits,Sung Lee's disability would have to be expected to last at least how long?

What is the only state where employers are not required to fund workers' compensation programs?

How is Medicare Part A financed?

Which Medicare plan offers enrollees lower premiums in exchange for limiting their choice of health care providers?

________ specify insurance rates based on classifications of businesses.

What were the Medicare Part A monthly premiums in 2011?

________ financing implies that the company assumes total costs for each discretionary benefit.

________ occurs when a worker has his or her job status negatively affected or is terminated as a result of filing a workers' compensation claim.

In 2022,how old will Cary have to be to receive full Social Security benefits?

To be fully insured under OASDI,an employee would have to work at least how long?

Which one of the following is a wrong belief regarding the Social Security System in the United States?

The average monthly benefit for all retired workers earning old age benefits as of June 2010 was how much?

Briefly discuss the components of legally required benefits.How can HR managers minimize the costs that are associated with legally required benefits?

Strategic Compensation: A Component of Human Resource Systems

Contextual Influences on Compensation Practice

Traditional Bases for Pay: Seniority and Merit

Incentive Pay

Person-Focused Pay

Building Internally Consistent Compensation Systems

Building Market-Competitive Compensation Systems

Building Pay Structures that Recognize Individual Contributions

Discretionary Benefits

Employer-Sponsored Retirement Plans and Health Insurance Programs

Compensating Executives

Compensating the Flexible Work Force: Contingent Employees and Flexible Work Schedules

Compensation Expatriates

Pay and Benefits Outside the United States

Challenges Facing Compensation Professionals

Filters

Exam 11: Legally Required Benefits

How often will Jill receive an unemployment check?

This Medicare Plan was established with the passage of the Balanced Budget Act of 1997 as an alternative to the original program (parts A &B).

If Fred signs up for Medicare Part B,what percent of his medical services and supplies will be covered after he has paid his annual deductible?

Medicare Select is one of the choices under which Medicare Plan?

In 2011,how much would you have to earn to qualify for one quarter of credit for OASDI coverage?

Medicare Part A is based on what type of health care option?

If the CEO of a new company asked you how much per employee she will be taxed by FUTA,what would you tell her?

To receive OASDI disability benefits,Sung Lee's disability would have to be expected to last at least how long?

What is the only state where employers are not required to fund workers' compensation programs?

How is Medicare Part A financed?

Which Medicare plan offers enrollees lower premiums in exchange for limiting their choice of health care providers?

________ specify insurance rates based on classifications of businesses.

What were the Medicare Part A monthly premiums in 2011?

________ financing implies that the company assumes total costs for each discretionary benefit.

________ occurs when a worker has his or her job status negatively affected or is terminated as a result of filing a workers' compensation claim.

In 2022,how old will Cary have to be to receive full Social Security benefits?

To be fully insured under OASDI,an employee would have to work at least how long?

Which one of the following is a wrong belief regarding the Social Security System in the United States?

The average monthly benefit for all retired workers earning old age benefits as of June 2010 was how much?

Briefly discuss the components of legally required benefits.How can HR managers minimize the costs that are associated with legally required benefits?

Strategic Compensation: A Component of Human Resource Systems

Contextual Influences on Compensation Practice

Traditional Bases for Pay: Seniority and Merit

Incentive Pay

Person-Focused Pay

Building Internally Consistent Compensation Systems

Building Market-Competitive Compensation Systems

Building Pay Structures that Recognize Individual Contributions

Discretionary Benefits

Employer-Sponsored Retirement Plans and Health Insurance Programs

Compensating Executives

Compensating the Flexible Work Force: Contingent Employees and Flexible Work Schedules

Compensation Expatriates

Pay and Benefits Outside the United States

Challenges Facing Compensation Professionals

Filters