ECC1: Benefits Defined

Allow an employee to receive __________ if they work more than 40 hours in a week.

• Bonus

• Overtime pay

• Commission

• Salary

Commission may be used by employers as an incentive to __________.

• Decrease costs

• Increase worker productivity

• Limit sales

• Reduce hours

Bonuses provide for increased morale and ________.

• job satisfaction

• workload

• stress

• turnover

Salaried employees often receive larger bonuses compared to ________ employees.

• hourly

• part-time

• temporary

• freelance

Flexible Spending Accounts provide employee’s access to their annual allotment at any time, whereas health savings accounts require the funds to be ____________ to be accessible.

• deposited

• withdrawn

• saved

• invested

Life Insurance provides a monetary safety net for a beneficiary upon the ____________ of the policy holder.

• retirement

• death

• illness

• marriage

Life Insurance is sometimes offered through an employee benefits package, creating a more ____________ option than when purchased individually.

• expensive

• affordable

• complicated

• limited

Employers may offer Health Savings Accounts with ____________ insurance.

• life

• health

• travel

• car

Deposits into Flexible Spending Accounts are ____________.

• taxed

• not taxed

• partially taxed

• taxed at a lower rate

Health Insurance must be offered to employees who work at least ____________.

• 20 hours a week

• 30 hours a week

• 40 hours a week

• 10 hours a week