One of the objections of granting wage increases on a percentage basis is that the lowest paid workers receive the smallest amount, where as the highest paid employees receive the largest amounts. Is this objection a valid one? Explain.
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One of the objections of granting wage increases on a percentage basis is that the lowest paid workers receive the smallest amount, where as the highest paid employees receive the largest amounts. Is this objection a valid one? Explain.
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- When it comes to employee wages, gross pay refers to the whole amount earned before deductions. Choose one of the following options: True or False.Suggest an alternative method of calculating the EITC that reduces this penalty for low-income workers A.To counter this effect, the EITC could be amended so that the highest of the two spouses’ salaries determined the family income, it could provide for a much longer plateau before phase-out for two-earner families, or it could be applied to individual incomes, regardless of marital status, rather than to family income. B.To counter this effect, the EITC could be amended so that the average of the two spouses’ salaries determined the family income, it could provide for a much longer plateau before phase-out for two-earner families, or it could be applied to individual incomes, regardless of marital status, rather than to family income. C.To counter this effect, the EITC could be amended so that the average of the two spouses’ salaries determined the family income, it could provide for a much longer plateau before phase-out for two-earner families, or it could be applied to…An example of fringe benefit is: the employee health insurance the direct labor wage rate. withheld taxes overtime pay
- Employers often use fringe benefits as a way to attract and keep great employees and to provide compensation for employees who may already have a high salary. what were some of the fringe benefits that your employer provided? Would these benefits be taxable or not taxable? If your past employers did not offer fringe benefits, what would you have liked to see them offer?An employee's take-home pay is equal to gross pay less all voluntary deductions. True FalseWhich of these employees benefits is subject to fringe benefit tax? Fringe benefits to rank and file employees Regular pay of supervisory and managerial employees Fringe benefits to supervisory and managerial employees Regular pay of rank and file employees
- . If a fringe benefit involves a deduction from employee pay, which of the following is true? A. Employers may only offer the benefit to certain classes of employees. B. The employee must enroll in direct deposit for their pay. C. The fringe benefit must be subject to income tax. D. The amount of the deduction must be listed on the employee's pay advice. 2. The ________ determines when benefit amounts should be withheld from employee pay. A. employee B. employer C. IRS D. State in which the business is conductedWhich of the following statements concerning a group carve-out plan is (are) correct? 1).The coverage is available on a discriminatory basis. 2).The employer deducts the premium cost, which is not taxable income for the employee. 3).A double bonus plan can overcome the executive’s dislike of the taxation of the policy premium. 2 only. 1 and 3. 2 and 3. 1, 2, and 3.Which of the following does not describe a defined contribution plan? The employer bears the risk of investment in a defined contribution plan. The contribution is certain but the benefit is uncertain. If the plan does poorly, the employee will share in the loss by paying more contributions. The accumulated fund on the date of an employee’s retirement determines the benefit.
- Which of the following is accurate advice for a client who is considering a nonqualified deferred compensation plan? A) Contributions are deductible by the employer only when taxable to the employee. B) The plan cannot discriminate in favor of any class of employees. C) The plan cannot be fully funded by the employer. D) Contributions are deductible by the employer when they are made..The wage base for unemployment compensation taxes are: a. all wages paid but not including those that have been set aside for the employee to draw upon at his/her discretion. b. all wages actually paid or constructively paid. c. all wages paid or payable for the period. d. all wages that are considered to be constructively paid plus wages payable.A new employer will be assigned a SUTA contribution rate: a. will be different for all new employers in the same state. b. at the discretion of the employees' union. c. that is 'reasonable' – and once it is assigned it cannot be changed. d. that is 'reasonable' – and then it will be adjusted in the future as an employment record is developed.
