Which of the following is not an approach to financing employee benefits?Select one:a.Noncontributoryb.Employee-financedc.Contributoryd.Voluntary

Employee benefits refer to the benefits that are provided to the employees over or above the…

Answered: Which of the following is not an…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Which of the following does not describe a defined contribution plan? The employer bears the risk of investment in a defined contribution plan. The contribution is certain but the benefit is uncertain. If the plan does poorly, the employee will share in the loss by paying more contributions. The accumulated fund on the date of an employee’s retirement determines the benefit.
Please solve this
employee’s employment as a result of either: I. An entity’s decision to terminate an employee’s employment before the normal retirement date. II. An employee’s decision to accept an offer of benefits in exchange for the termination of employment. III. An employee’s decision to terminate an employee’s employment before the normal retirement date. IV. An entity’s decision to accept an offer of benefits in exchange for the termination of employment. III and IV I and III II and IV I and II
Which of the following is a fringe benefit that employers can discriminate among employees? Question 48 Select one: a. Health and accident insurance. b. Qualified employee discount. c. Employee educational assistance. d. None of the above.
Which of the following characteristics is/are indicative of a post-employment defined contribution plan? If actuarial or investment experience are worse than expected, the entity’s obligation may be increased. The amount to be received by the employee is determined by the amount of contributions paid by an entity to the plan, with investment returns arising from the contributions. The entity’s obligation is to provide the agreed benefits to current and former employees. The entity’s legal or constructive obligation is limited to the amount that it agrees to contribute to the fund. Group of answer choices Only statements 1 and 2. Only statements 2 and 3. Only statements 2 and 4. Only statements 3 and 4.
An example of fringe benefit is: the employee health insurance the direct labor wage rate. withheld taxes overtime pay
Question 5 Answer for (a) and (b)
34. Which is a type of Employees as to Taxability: * O a. Minimum wage earners b. Regular employees c. Corporate Earner employees O d. Both A and B
True or false. Reporting the deduction for employers reimbursed travel expenses on schedule C is the same for accountable and non accountable plans.
2. Please give two examples of withholdings from employees' pay and explain whether your selected withholdings are considered required or voluntary.
question 38 choose the correct answer from the choices

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Which of the following is not an approach to financing employee benefits? Select one: a. Noncontributory b. Employee-financed c. Contributory d. Voluntary