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BUDGET CHALLENGE STUDY GUIDE 3 QUESTIONS WITH CORRECT ANSWERS

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BUDGET CHALLENGE STUDY GUIDE 3 QUESTIONS WITH CORRECT ANSWERS

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Which benefit typically costs an employer the most to provide to their employees?


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health insurance




Which best describes net pay?


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Health Savings Account




Which is a disadvantage of being a salaried employee?

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Overtime is rarely paid for working over 40 hours a week.




What is a drawback of jobs that pay salary plus commission?


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Earnings can vary from pay period to pay period.




In what way are employee benefits actually better than wages?


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Most benefits are exempt from federal and state income taxes.




Which would most likely be paid salary plus commission?


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automobile salesperson




Erica’s employer offers to match her 401(k) contributions up to 4% of her pay. What
should she do?


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