WGU C236 COMPENSATION AND BENEFITS
FINAL EXAM COMPLETE STUDY GUIDE WITH
SOLVED QUESTIONS
◉ ) In 2009, Carnation Candles had 100 employees. Approximately
how much did the legally required benefits cost the company that
year?
A) $650,000
B) $580,000
C) $890,000
D) $440,000.
Answer: d
◉ The first 4 quarters of the last 5 completed calendar quarters in
the previous year is the base period for which benefit?
A) OASDI
B) Medicare Part A
C) unemployment insurance
D) workers' compensation.
Answer: c
,◉ If an employee wants to apply for unemployment benefits, how
much will s/he have to have earned, in the last four quarters, to
qualify?
A) $100 total
B) $1,000 total
C) $5,000 total
D) $10,000 total.
Answer: b
◉ How often will Jill receive an unemployment check?
A) daily
B) weekly
C) bi-monthly
D) monthly.
Answer: b
◉ What is the only state that requires employee contributions under
the Federal Unemployment Tax Act (FUTA)?
A) Michigan
B) Florida
C) Alaska
D) California.
,Answer: c
◉ 7) If the CEO of a new company asked you how much per
employee she will be taxed by FUTA, what would you tell her?
A) 3.5% of the first $7,000
B) 6.2% of the first $7,000
C) 6.2% of the first $10,000
D) 3.5% of the first $10,000.
Answer: b
◉ 8) To be fully insured under OASDI, an employee would have to
work at least how long?
A) 24 months
B) 5 years
C) 10 years
D) 12 months.
Answer: c
◉ 9) In 2011, how much would you have to earn to qualify for one
quarter of credit for OASDI coverage?
A) $625 for each quarter
B) $760 for each quarter
, C) $920 for each quarter
D) $1,120 for each quarter.
Answer: d
◉ 10) Samuel's full retirement age is 65 years old and his monthly
benefit at that age is $1,000. According to the Social Security
Administration retirement program, if Samuel decides to take
retirement as early as age 63, his monthly benefit will be
A) Equal to $1,000
B) Greater than $1,000
C) Less than $1,000 but greater than $0
D) $0.
Answer: c
◉ 11) In 2022, how old will Cary have to be to receive full Social
Security benefits?
A) 57
B) 62
C) 65
D) 67.
Answer: d
FINAL EXAM COMPLETE STUDY GUIDE WITH
SOLVED QUESTIONS
◉ ) In 2009, Carnation Candles had 100 employees. Approximately
how much did the legally required benefits cost the company that
year?
A) $650,000
B) $580,000
C) $890,000
D) $440,000.
Answer: d
◉ The first 4 quarters of the last 5 completed calendar quarters in
the previous year is the base period for which benefit?
A) OASDI
B) Medicare Part A
C) unemployment insurance
D) workers' compensation.
Answer: c
,◉ If an employee wants to apply for unemployment benefits, how
much will s/he have to have earned, in the last four quarters, to
qualify?
A) $100 total
B) $1,000 total
C) $5,000 total
D) $10,000 total.
Answer: b
◉ How often will Jill receive an unemployment check?
A) daily
B) weekly
C) bi-monthly
D) monthly.
Answer: b
◉ What is the only state that requires employee contributions under
the Federal Unemployment Tax Act (FUTA)?
A) Michigan
B) Florida
C) Alaska
D) California.
,Answer: c
◉ 7) If the CEO of a new company asked you how much per
employee she will be taxed by FUTA, what would you tell her?
A) 3.5% of the first $7,000
B) 6.2% of the first $7,000
C) 6.2% of the first $10,000
D) 3.5% of the first $10,000.
Answer: b
◉ 8) To be fully insured under OASDI, an employee would have to
work at least how long?
A) 24 months
B) 5 years
C) 10 years
D) 12 months.
Answer: c
◉ 9) In 2011, how much would you have to earn to qualify for one
quarter of credit for OASDI coverage?
A) $625 for each quarter
B) $760 for each quarter
, C) $920 for each quarter
D) $1,120 for each quarter.
Answer: d
◉ 10) Samuel's full retirement age is 65 years old and his monthly
benefit at that age is $1,000. According to the Social Security
Administration retirement program, if Samuel decides to take
retirement as early as age 63, his monthly benefit will be
A) Equal to $1,000
B) Greater than $1,000
C) Less than $1,000 but greater than $0
D) $0.
Answer: c
◉ 11) In 2022, how old will Cary have to be to receive full Social
Security benefits?
A) 57
B) 62
C) 65
D) 67.
Answer: d
