Explain Employee benefit plans.

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: 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: 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: increases the Employee Benefit Expense?

A: Employee benefit expense means Benefits/Compensation provided to the employee other than by way of…

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: Explain the following terms as used in IAS 19 Employee Benefits: (1) The term 'defined benefit…

A: Defined Benefit Plan Defined benefit plan which is described as the long term employees compensation…

Q: When is an employer-employee relationship exist?

A: Definition:

Q: Define Employee discounts.

A: Discount:   It is a portion of money that is deducted from the selling price of a product or a…

Q: , is best defined as An asset account An account showing the benefits to be paid to the employee An…

A: Benefits payable refer to the additional perks that are paid to employees, in addition to their…

Q: Explain how a defined contribution pension plan works.

A: Pension: Pension is a cash payment given to the employees at the time of their retirement. The…

Q: Distinguish fundamentally between a defined contribution and a defined benefit pension plan.

A: Given : This question tells about Distinguish between a defined contribution pension plan and a…

Q: Explain Promoters’ and Managers’ Compensation?

A: Promoters are the individuals or firms who perform all the responsibilities in setting up the…

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: Employment Condition

A: 1.ANNUL LEAVE: the national employment standards provide 4 weeks paid annual leave for each year of…

Q: Direct Compensation coverage.

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

Q: How incrising minimun wages affect compensation ?

A: Raising the minimum wage would make it more expensive to hire low-paid workers as it would be…

Q: Differentiate between “accounting for the employer” and “accounting for the pension fund.”

A: Pension: A fixed sum of money, receivable in future or after the age of retirement, which the…

Q: Calculate the total amount (employer and employee portions) that Harris Consulting will remit to the…

A: Payroll Accounting can be defined as the accounting system which helps to compute the total payments…

Q: PAS 19

A: Objective of IAS 19 (2011) The objective of IAS 19 is to prescribe the accounting and disclosure for…

Q: Write the definition, recognition, measurement, important key points and disclosure if any provided…

A: Accounting standards are the regulations and rules provided to the business for preparing and…

Q: Define Employee Retirement Income Security Act (ERISA)

A: The 1974 Employee Retirement Income Security Act secures American pension resources by enforcing…

Q: Define prior service cost. How is it reported in the financial statements? How is it included in…

A: Pension:  A pension is a type of retirement plan in which an employer makes a contribution to a pool…

Q: Define Contribution Pension Plans.

A: Pension plan:   This is the plan devised by corporations to pay the employees a kind of compensation…

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: Determine the total employee withholdings

A:

Q: retirement benefits offered by government for employees in detail.

A: A pension or retirement plan is an employee benefit that commits the employer to make regular…

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

A:

Q: 11.If an employee is reimbursed through an accountable plan which of the following is true? A.All…

A: Income- Net income is the balance left over after deducting a company's cost of goods sold and…

Q: liability for employees' compensation for future

A: A liability shall be accrued if it is to be settled in the near future.

Q: Write the definition, recognition, measurement important key points and disclosure if any in the…

A: Accounting standards are the regulations and rules provided to the business for preparing and…

Q: Explain Employee share purchase plans.

A:

Q: Briefly explain the controversies around executive compensation.

A: Compensation is the return which has to be paid to the employee on whom the said employee has been…

Q: a. MFRS119 Employee Benefits prescribes the accounting and disclosure requirements by employers for…

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

Q: please  define salary, wage, income, benefits

A: Compensation is often defined as a monetary payment made to an individual in return for their…

Q: How do the Defined contribution pension plans becoming increasingly popular vehicles for employers?

A: Pension plan: This is the plan devised by corporations to pay the employees an income after their…

Q: Define salaries expense.

A: Salaries expense is the fixed pay earned by employees. The expense represents the cost of non-hourly…

Q: Define salaries payable.

A: Salaries payable is a liability account.

Q: QUESTION 5 a. MFRS119 Employee Benefits prescribes the accounting and disclosure requirements by…

A: The objective of MFRS 119 is to prescribe the accounting and disclosure for employee benefits. The…

Q: How to fill out the employment desire on a job application?

A: Solution- Job application forms (also called “employment forms”) are part of the formal hiring…

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…

Financial and legal aspects of employment

Federal and state legislation, regulation of all labor laws, and government-imposed employment law all contribute to a legal environment. Employment law governs the relationship between employer and employee. Labor laws govern the relationship between employee groups such as labor unions and their employers. Many employment laws have been enacted by the government to protect the financial rights and interests of employees. To protect an individual's employment, the United States Department of Labor has enacted 180 worker protection laws. It also covers financial and workplace safety laws such as minimum wage requirements, parental leave benefits, paid leave benefits, social security, and discrimination.