elf-insurance is connected to workers compensation. State what is self -insurance and outline three advantages of it.

Q: How to determine the estimated net cost of benefits to the employer?

A: In an organizational setting, when business activities are carried out it results in some benefits…

Q: A new employer will be assigned a SUTA contribution rate: a.  will be different for all new…

A: The correct answer is Option (d).

Q: Explain The various employee benefits in an organization: 1-Social Security : 2-Workers'…

A: The payments which is made by employers to its employees that are beyond the wages paid. Typically,…

Q: Under a defined contribution pension plan _________________ bear the investment risk, while under a…

A: Lets understand the meaning of defined benefit plans and defined contribution plan. Defined benefit…

Q: Where a post-employment benefit plan contains characteristics of both defined contribution and…

A: The employer needs to pay post employment benefits in addition to salary. The post employee benefits…

Q: How should an employer's commitment for employee benefits be calculated, according to AASB 119

A: Definition: In the context of employee benefits, this refers to all types of consideration offered…

Q: Describe a private insurance. what is it? Discuss the primary strengths and advantages, and…

A: Private Insurance means an insurance plan which is not operated by the government. It comes under…

Q: 4.. A. What are the main differences in the management of a defined benefit pension plan, compared…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: es a SIMPLE IRA have a matching contribution from the employer to the employee?  Yes or No.

A: Simple IRA refers to the savings incentive match plan for the employees of the company which is a…

Q: What are the major differences between postretirementhealthcare benefits and pension benefits?

A: Both pension funds and post retirement healthcare benefits accrue to an employee after his/her…

Q: Which of the following is not an approach to financing employee benefits? Select one: a.…

A: Employee benefits refer to the benefits that are provided to the employees over or above the…

Q: Compensation income is income that is typically derived from self-employment.    True or False

A: Declaimer: “Since you have asked multiple question, we will solve the first question for you. If you…

Q: Defined contribution plans are gaining in popularity because: a) They remove the burden of payment…

A: Contribution plans: It is a combined effort taken by the employer and the employee together…

Q: a defined contribution plan, as long as the employer makes a definite contribution to the plan, the…

A: Defined contribution plan is a plan opted for providing employee benefits at the end of retirement…

Q: A 401(k) plan: A- is a type of defined contribution plan. B- is a type of defined benefit plan. C-…

A: The question is related to the Retirement Benefit Plan.

Q: Which type of pension plan would you prefer to be covered under (i.e., defined benefit, defined…

A: In this there are many types of pension plans available and each have own characteristics.

Q: In what way is compensation similar to payment? Explain each by giving examples or cases that you…

A: Compensation :  It a payment given in exchange of services.  It is a form of a payment. It can only…

Q: Explain he basic arrangement in a worker’s compensation scheme. What is meant by ‘exclusive remedy”…

A: Hi, the question has multiple sub-parts and as per our policy, we will answer the first three.…

Q: Direct Compensation coverage.

A: The determinants of direct financial compensation can be classified into two categories, external…

Q: According to AASB 119, how should an employer's obligation for employee benefits be measured?

A: Employee benefits refer to the consideration of all forms that are given by an entity to its…

Q: What is the general term that covers social insurance and pension fund payments alone with wages and…

A: Social security schemes, is the term that covers social insurance and pension fund payments alone…

Q: What is nonpecuniary benefits?

A: The benefits which are not in monetary form are called as Non Pecuniary benefits. The notion that…

Q: Q.How can annuity help in having a good benefit proposal for workers

A: Benefit proposal is the proposal which is offered by a firm to the employees or potential employees…

Q: In a defined contribution plan, as long as the employer makes a definite contribution to the plan,…

A: Defined-contribution plans are funded primarily by the employee. But many employers make…

Q: dissimilar to the other three options? d. Motor insurance b. Personal property insurance С. Life…

A: The answer for the multiple choice question and relevant explanation are presented hereunder :

Q: Distinguish between defined contribution and defined benefit pension plans. Justify the employer's…

A: The Answer :

Q: What does Compensation for employee services includes?

A: Introduction Compensation is the cash paid to employees for their service that they provided for the…

Q: (a) Explain the following: O The difference between a defined benefit plan and a defined…

A: As per our protocol we provide solution to the one question only but as you have asked multiple…

Q: For Pension Plans: A. Describe the differences between a Defined Benefit pension plan and a Defined…

A: Defined Benefit Pension Plan Defined benefit pension plan can clearly describes as it is absolutely…

Q: Describe workers' compensation and explain why it is important.

A:

Q: Employee benefits given by an employer to an employee may be recognized by the employer as I.Asset…

A: The financial statements of the business include the income statement and balance sheet of the firm.

Q: Explain with examples the following: (a) Residence rule (b) Source rule (c) Relief for medical…

A: (a) Residence rule  Post-marital residence rules specify where a person resides after marriage and,…

Q: Which of the following characteristics is typical of group insurance? A.Each employee receives an…

A: Following are the characteristics of group insurance 1. It is a group contract that covers all the…

Q: Which one of the following increases the labour costs to an entity? Select one: O A. Productivity…

A:

Q: Which of the following does not describe a defined contribution plan? The employer bears the risk…

A: The question is related to Employee benefits. Define Contribution plan is plan where the employee…

Q: Which of the following is an indicator that an employee benefit is provided in exchange for…

A: The question is related Employee benefits. As per employee benefits  It requires recognition of the…

Q: 8. Which of the following is a characteristic of a defined benefit plan? Post-employment benefits…

A: 8. Defined benefit plan is a plan designed to assure the employee certain benefit after his…

Q: Why is the Worker’s Compensation Insurance is an expensive type of insurance?

A: Worker’s Compensation Insurance- It is a kind of insurance where employees are provided with medical…

Q: Examples of benefits include all of the following, EXCEPT: a) retirement benefits. b) paid vacation.…

A: Benefit: Reward-driven behavior is the result of having an outwardly focused incentive. It may be…

Q: It is a type of retirement plan where the benefit to be received by the employee is dependent on the…

A: Retirement plans are those in which amounts are invested periodically which accumulate until the age…

Q: What is an ‘employee benefit’ and what are the various forms that these benefits can take?

A: Such benefits which are given either in monetary forms or non-monetary forms to the employee in…