CEBS GBA EXAM 1- 2026/2027 BANK ACCURATE
CURRENTLY TESTING EXAM | 3 VERSIONS WITH 570
ACTUAL QUESTIONS AND DETAILED ANSWERS / CEBS
- GBA 1 - PRACTICE EXAM EXPERT VERIFIED FOR
GURANTEED PASS / LATEST UPDATE
VERSION A
SECTION 1: BROAD VIEW OF EMPLOYEE BENEFITS (Module 1.1)
1. The broad view of employee benefits encompasses which of the following
compensation elements?
A) Only direct wages and salaries paid to employees
B) Virtually any form of compensation other than direct wages paid to employees
C) Only government-mandated benefits such as Social Security and Workers'
Compensation
D) Only retirement plans and health insurance coverage
Answer B: Virtually any form of compensation other than direct wages paid
to employees
Rationale: The broad view includes Worker's Compensation, Unemployment
Insurance, State Disability Income, Social Security, vacation pay, holiday pay,
401(k)/retirement plans, employer-paid medical insurance, severance pay, and
child care assistance .
,2. Which of the following would be classified as an employee benefit under
the broad view but NOT under the narrow view?
A) Employer-sponsored 401(k) retirement plan
B) Employer-paid health insurance premiums
C) Social Security contributions paid by the employer
D) Paid vacation days
Answer C: Social Security contributions paid by the employer
Rationale: Under the broad view, Social Security contributions are considered
employee benefits. Under the narrow view, Social Security is excluded because it is
a government-mandated program not voluntarily sponsored by the employer .
3. According to the broad view of employee benefits, which of the following
is considered a benefit?
A) Base hourly wage
B) Annual salary
C) Overtime pay
D) Severance pay
Answer D: Severance pay
Rationale: Severance pay is classified as an employee benefit under the broad
view because it is compensation provided to employees that is not part of direct
wages .
,4. The broad view of employee benefits would include all of the following
EXCEPT:
A) Unemployment insurance
B) Employer share of medical insurance
C) Regular weekly paycheck
D) Child care assistance provided by employer
Answer C: Regular weekly paycheck
Rationale: A regular weekly paycheck represents direct wages and is excluded
from the definition of employee benefits under both views .
5. Which statement best describes the key difference between the broad and
narrow views of employee benefits?
A) The broad view only includes benefits required by law, while the narrow view
includes all voluntary benefits
B) The broad view includes government-mandated benefits, while the narrow view
excludes them
C) The broad view focuses only on retirement plans, while the narrow view focuses
on health benefits
D) The broad view excludes direct wages, while the narrow view includes direct
wages as benefits
Answer B: The broad view includes government-mandated benefits, while the
narrow view excludes them
Rationale: The narrow view explicitly excludes benefits that are legally mandated
by government .
, 6. Under the narrow view of employee benefits, which of the following would
be included?
A) Social Security retirement benefits
B) Workers' Compensation insurance
C) Employer-sponsored 401(k) retirement plan
D) State-mandated disability insurance
Answer C: Employer-sponsored 401(k) retirement plan
Rationale: The narrow view includes only plans that are voluntarily sponsored by
employers and not underwritten by the government .
7. Under the narrow view of employee benefits, which program would be
specifically excluded?
A) Employer-paid group life insurance
B) Company-sponsored dental plan
C) State-mandated workers' compensation
D) Employer-funded severance pay plan
Answer C: State-mandated workers' compensation
Rationale: The narrow view explicitly excludes benefits that are legally mandated
by the government .
CURRENTLY TESTING EXAM | 3 VERSIONS WITH 570
ACTUAL QUESTIONS AND DETAILED ANSWERS / CEBS
- GBA 1 - PRACTICE EXAM EXPERT VERIFIED FOR
GURANTEED PASS / LATEST UPDATE
VERSION A
SECTION 1: BROAD VIEW OF EMPLOYEE BENEFITS (Module 1.1)
1. The broad view of employee benefits encompasses which of the following
compensation elements?
A) Only direct wages and salaries paid to employees
B) Virtually any form of compensation other than direct wages paid to employees
C) Only government-mandated benefits such as Social Security and Workers'
Compensation
D) Only retirement plans and health insurance coverage
Answer B: Virtually any form of compensation other than direct wages paid
to employees
Rationale: The broad view includes Worker's Compensation, Unemployment
Insurance, State Disability Income, Social Security, vacation pay, holiday pay,
401(k)/retirement plans, employer-paid medical insurance, severance pay, and
child care assistance .
,2. Which of the following would be classified as an employee benefit under
the broad view but NOT under the narrow view?
A) Employer-sponsored 401(k) retirement plan
B) Employer-paid health insurance premiums
C) Social Security contributions paid by the employer
D) Paid vacation days
Answer C: Social Security contributions paid by the employer
Rationale: Under the broad view, Social Security contributions are considered
employee benefits. Under the narrow view, Social Security is excluded because it is
a government-mandated program not voluntarily sponsored by the employer .
3. According to the broad view of employee benefits, which of the following
is considered a benefit?
A) Base hourly wage
B) Annual salary
C) Overtime pay
D) Severance pay
Answer D: Severance pay
Rationale: Severance pay is classified as an employee benefit under the broad
view because it is compensation provided to employees that is not part of direct
wages .
,4. The broad view of employee benefits would include all of the following
EXCEPT:
A) Unemployment insurance
B) Employer share of medical insurance
C) Regular weekly paycheck
D) Child care assistance provided by employer
Answer C: Regular weekly paycheck
Rationale: A regular weekly paycheck represents direct wages and is excluded
from the definition of employee benefits under both views .
5. Which statement best describes the key difference between the broad and
narrow views of employee benefits?
A) The broad view only includes benefits required by law, while the narrow view
includes all voluntary benefits
B) The broad view includes government-mandated benefits, while the narrow view
excludes them
C) The broad view focuses only on retirement plans, while the narrow view focuses
on health benefits
D) The broad view excludes direct wages, while the narrow view includes direct
wages as benefits
Answer B: The broad view includes government-mandated benefits, while the
narrow view excludes them
Rationale: The narrow view explicitly excludes benefits that are legally mandated
by government .
, 6. Under the narrow view of employee benefits, which of the following would
be included?
A) Social Security retirement benefits
B) Workers' Compensation insurance
C) Employer-sponsored 401(k) retirement plan
D) State-mandated disability insurance
Answer C: Employer-sponsored 401(k) retirement plan
Rationale: The narrow view includes only plans that are voluntarily sponsored by
employers and not underwritten by the government .
7. Under the narrow view of employee benefits, which program would be
specifically excluded?
A) Employer-paid group life insurance
B) Company-sponsored dental plan
C) State-mandated workers' compensation
D) Employer-funded severance pay plan
Answer C: State-mandated workers' compensation
Rationale: The narrow view explicitly excludes benefits that are legally mandated
by the government .
