There are strikes in Ghana, which bring financial suffering to both employers and workers. Would you expect a commercial insurer to provide insurance protection to either the workers or the employers to cover losses resulting from these strikes?

There are strikes in Ghana, which bring financial suffering to both employers and workers. Would you expect a commercial insurer to provide insurance protection to either the workers or the employers to cover losses resulting from these strikes?

PAYROLL ACCT.,2019 ED.(LL)-TEXT

19th Edition

ISBN:9781337619783

Author:BIEG

Publisher:BIEG

Chapter6: Analysing And Journalizing Payroll

Section: Chapter Questions

Problem 16QR

See similar textbooks

Related questions

Q: Which of the following is true regarding the banning of mandatory retirement? It reduces the…

A: Retirement is the stage when a person stops working, different companies has set different ages of…

Q: QUESTION 33 Which of the following is not an example of incidental damages for one who has just had…

A: A person who has just left his employer i.e. whose employment contract has just been cancelled ,…

Q: Worker’s Compensation will pay for Medical treatment for the insured’s spouse Medical treatment…

A: Worker's Compensation serves two purposes, they are The policy assures that if an employee gets…

Q: 1. Which of these is NOT a regulation set forth within ERISA? Answer: A. Employees must be…

A: You have posted multiple un-interlinked questions, so as per our policy only first question will be…

Q: Describe how an unrelated tenant in common or joint tenant should protect him- or herself from…

A: Please find the answer to the above question below:

Q: Which of the following statements regarding workers’ compensation insurance is true? Group of…

A: Workers' compensation insurance provides compensation for injuries and disabilities sustained by an…

Q: If an employee pays for a periodic medical checkup required by an employer, can the amount paid be…

A: Any amount given by the employer for a periodic medical check-up to the employee is liable for…

Q: Sick pay benefits that are related to an employee's services already rendered, whose payment is…

A: Accumulate rights: Accumulate rights refer to those rights which can be carried forward to future…

Q: Explain what an experience or merit rating is and how it affects the amount paid by an employer for…

A: State Unemployment Insurances taxes: These are the taxes paid by the employer to the credit of the…

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: 1. Which statement is incorrect regarding recognition of employee benefits? a. For post-employment…

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

Q: With relation to the acknowledgment of employee benefits, which statement is false? A. The payment…

A: Compensation packages are a type of remuneration provided by businesses to workers in addition to…

Q: What might a company do to prevent an employee from taking wages in kind?

A: Internal control is an important part of every organization. It helps in maintaining the efficiency…

Q: Which of the following is not an example of how payroll can provide input into the union negotiation…

A: Union negotiation process involves determining the pay for various categories of employees and…

Q: A state with "right-to-work" laws would most likely have O more worker safety requirements than…

A: Right-to-work law: This the law that gives workers to choose whether he/ she should join a union or…

Q: manda operates a manufacturing Plant and melons through a business income form. Her insurance policy…

A: Business income form is type of insurance in which if the operations of company are closed due to…

Q: Pensions have changed as workplace structure changed. A lot of us work as independent contractors.…

A: In workplace pension plan, both employer and employee contributes in pension fund.This fund helps to…

Q: When would the terms of a union agreement take precedence over employment standards: O The union…

A: The union agreement must be followed when collectively taking a decision and following on all the…

Q: Employee benefits are all forms of monetary consideration given by an entity in exchange for…

A: IAS 19 Employee benefits relates to accounting of all the employee payments apart from share based…

Q: Do workers compensations statutes apply to seasonal or temporary workers? Explain

A: Definition: Worker’s compensation scheme: Worker’s compensation scheme is an arrangement that…

Q: When an organisation recognises a provision and related expense for annual leave, and a provision…

A: Provisions: A provision is a sum put aside to meet anticipated future expenditures. It is an…

Q: Would it be a violation of the Consumer CreditProtection Act to suspend, demote, or transfer…

A: Garnishment: Garnishment, also known as wage garnishment, is the process by which money is…

Q: A positive-balance employer has: a. an employee development program that promotes work-life…

A: Answer: Option b

Q: With respect to qualified retirement plans, nondiscrimination rules prohibit employers from giving…

A: Non discriminatory rules prohibit a Company to give preferential treatment to some of its key…

Q: Which of the type of insurance pays benefits to workers who suffer an injury on the job? Select the…

A: Insurance is an agreement in which an individual or organization obtains financial security or…

Q: When an organisation recognises a provision and related expense for annual leave and a provision for…

A: Provisions in accounting can be defined as the process of allocation of profit portion in a…

Q: Suppose a supplier gives you a price on a contract and then later comes back andclaims that he…

A: In the given context both parties i.e. supplier and customer have already entered into a contract.…

Q: In what way you can be an advocate to help others be aware of the plight of the workers both from…

A: The answer is stated below:

Q: Apart from the benefits required by legislation, what benefit can a company expect from offering…

A: Employee benefit are generally the non cash and indirect benefits that are provided in addition to…

Q: The industrial partner is not liable for losses because he cannot withdraw the work or labor already…

A: Since nothing is mentioned, it is assumed that the question is asking about true or false of the…

Q: If an employer contributes to an Health Savings Account (HSA) on behalf of an employee, a. Is the…

A: Generally the contribution made by the employer to the Health Savings Account (HSA) of an employee…

Q: The Act guarantees job protection to women on maternity leave. OPrivacy OVocational O Civil Rights…

A: Maternity leaves are required by the women when they are pregnant and are expected to give birth to…

Q: Why do you think accountants have never unionized?

A: Employee union is an association of employees of similar grade and performing almost the same job in…

Q: Ahmad is among 700 workers employed by ABC Construction Co. Ltd. at Klang, Selangor. He sought your…

A: A strike means a collaborative action that results in a suspension of work, a refusal to work, or a…

Q: credit reports

A: A credit report is a report that contains detailed information about the individual's credit…

Q: Why should the employee’s supervisor not distribute paychecks?

Q: Which of the following is a rationale against mandatory retirement? It is a form of age…

A: Mandatory retirement refers to when an employee has to compulsorily leave a organization after…

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: When employers are subject to both federal and state wage-hour laws, they must observe the law that:…

A: Wage and hour laws are separate from federal labor laws that apply to businesses having an income of…

Q: Suppose an employer gives employees an insurance discount based on number of hours of a physical…

A: Here the situation is employer gives the insurance discount to his employee based on number of hours…

Q: When would the terms of a union agreement take precedence over employment standards? O The union…

A: Union agreement refers to the contract or the contractual agreement among the employer as well as…

Q: It is a fact that teachers receive very meager salaries. Do you think this is an injustice? Explain…

A: Teachers are the foundation of a nation's future as they educate children and guarantee a society of…

Question

100%

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1 Commercial strikes ion Ghnab

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.

Similar questions

Which of the following statements regarding workers’ compensation insurance is true? Group of answer choices a. The federal government is responsible for setting workers’ compensation legislation and regulating the program. b. Workers’ compensation insurance includes only rehabilitation expenses. c. Employees are required to bear half of the entire cost of workers’ compensation insurance. d. Workers’ compensation insurance compensates workers who are injured on the job or become ill through work-related causes. e. Employers who file the most claims pay the lowest premiums on the insurance coverage.
Some employers will pay out employees for any unused sick-leave entitlements if they leave the organisation, whereas in other organisations employees forfeit this entitlement when they leave. Explain how these different types of sick-leave entitlements are treated for accounting purposes.
Some employers will pay out employees for any unused sick leave entitlements if they leave the organisation, whereas in other organisatons employees forfeit this entitlement when they leave. Needs answer to the following; Explain how these different types of sick leave entitlements are treated for accounting purposes.
Explain he basic arrangement in a worker’s compensation scheme. What is meant by ‘exclusive remedy” as that term applies to workers compensation? Why was there a need for workers compensation statutes in the United States? What types of monetary benefits are available to injured employees under workers compensation statutes? When did workers compensation statutes originate in the United States? What is a burial benefit? What types of employees are covered by workers compensation statutes? What types of workers are not covered by workers compensation statutes? What is the income benefit under workers compensation statutes? Prior to the enactment of workers compensation statutes, what defenses would employers use in order to avoid paying for employee injuries?
Why is the Worker’s Compensation Insurance is an expensive type of insurance?
What can a business do to prevent an employee from receiving salary in kind?
What are some of the reasons employers have been sued with respect to the managing of their employees?
Explain the basic elements of the negligence action What is product liability? Can an injured employee sue a coworker? Explain your answer. What is Form CA-1? What is the Federal Black Lung Program? What is Social Security Disability Insurance? Explain the function of Medicare. What is continuation pay? How does a person qualify for Medicaid? What agency is responsible for coordination benefits a person receives on the state and federal level?
Worker’s Compensation will pay for Medical treatment for the insured’s spouse Medical treatment for a customer injured on the insured’s premises Treatment of disease resulting from hazard at the workplace Employee injuries not related to their employment
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?
Pensions have changed as workplace structure changed. A lot of us work as independent contractors. What is our solution to a pension outside of employment?
When employers are subject to both federal and state wage-hour laws, they must observe the law that: a. is the more recent one b. is more favorable to the employer c. is more favorable to the employee d. has the bigger penalties