NSTRUCTIONS: Read and analyze each item. Write the letter of the correct benefit category on the space provided before each number. S- Short term employee benefitT- Termination benefitO- Other-employee benefitsP- Post-employment benefit_1. Wages_2. Paid annual leave3. Long-term paid absences such as long service or sabbatical leave4. Jubilee or other long service benefits5. Defined contribution plan6. Defined benefit plan_7. Profit sharing and bonuses (expected to be settled more than 12 months)8. Long-term disability benefits9. Severance pay10. Monetary assistance in finding a new job11. Deferred remuneration12. Medical care13. Subsidized goods or services for current employees14. Housing15. Cars

There are various benefits that are available during employment and post employment. Benefits also…

Answered: Read and analyze each item. Write the…

Business

Accounting

Read and analyze each item. Write the letter of the correct benefit category on the space provided before each number.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 15EB: An employee and employer cost-share 401(k) plan contributions, health insurance premium payments,...

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Question

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NSTRUCTIONS: Read and analyze each item. Write the letter of the correct benefit category on the space provided before each number.

S- Short term employee benefit
T- Termination benefit
O- Other-employee benefits
P- Post-employment benefit
_1. Wages
_2. Paid annual leave
3. Long-term paid absences such as long service or sabbatical leave
4. Jubilee or other long service benefits
5. Defined contribution plan
6. Defined benefit plan
_7. Profit sharing and bonuses (expected to be settled more than 12 months)
8. Long-term disability benefits
9. Severance pay
10. Monetary assistance in finding a new job
11. Deferred remuneration
12. Medical care
13. Subsidized goods or services for current employees
14. Housing
15. Cars

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