BUS 409 chapter 11 Quiz 8
Strategic Compensation, 6e (Martocchio)
Chapter 11 Legally Required Benefits
1) Chuck broke his leg at work and was told he needed to get physical rehabilitation. How long, after the incident, does he have to file a claim?
A) 2 - 5 years
B) 1 - 3 months
C) 3 - 6 months
D) 6 - 24 months
Answer: D
Diff: 3 Page Ref: 270
2) Thelma is on the Medicare Prescription Drug Program and has just spent over $5,100 out-of-pocket on medications, how much of the prescription costs will Medicare now cover for her?
A) 67%
B) 100%
C) 50%
D) 95%
Answer: D
Diff: 2 Page Ref: 267
3) Medicare Part A is based on what type of health care option?
A) preferred provider plan
B) medical savings account
C) managed care plan
D) fee-for-service
Answer: D
Diff: 2 Page Ref: 266
4) As of March 2009, how much did U.S. companies spend per employee on average to provide legally required benefits?
A) $4,400
B) $370
C) $7,300
D) $730
Answer: A
Diff: 1 Page Ref: 261
5) In which state would an employee be eligible for an additional 13 weeks of emergency unemployment insurance (for a total of 33 weeks) under the Unemployment Compensation Act of 2008 due to excessively high state unemployment?
A) Alabama
B) North Dakota
C) Michigan
D) Montana
Answer: C
Diff: 2 Page Ref: 263
6) 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
Diff: 3 Page Ref: 263
7) 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
Diff: 3 Page Ref: 264
8) Julio wants to apply for unemployment benefits, how much will 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
Diff: 3 Page Ref: 262
9) 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%
Chapter 11 Legally Required Benefits
1) Chuck broke his leg at work and was told he needed to get physical rehabilitation. How long, after the incident, does he have to file a claim?
A) 2 - 5 years
B) 1 - 3 months
C) 3 - 6 months
D) 6 - 24 months
Answer: D
Diff: 3 Page Ref: 270
2) Thelma is on the Medicare Prescription Drug Program and has just spent over $5,100 out-of-pocket on medications, how much of the prescription costs will Medicare now cover for her?
A) 67%
B) 100%
C) 50%
D) 95%
Answer: D
Diff: 2 Page Ref: 267
3) Medicare Part A is based on what type of health care option?
A) preferred provider plan
B) medical savings account
C) managed care plan
D) fee-for-service
Answer: D
Diff: 2 Page Ref: 266
4) As of March 2009, how much did U.S. companies spend per employee on average to provide legally required benefits?
A) $4,400
B) $370
C) $7,300
D) $730
Answer: A
Diff: 1 Page Ref: 261
5) In which state would an employee be eligible for an additional 13 weeks of emergency unemployment insurance (for a total of 33 weeks) under the Unemployment Compensation Act of 2008 due to excessively high state unemployment?
A) Alabama
B) North Dakota
C) Michigan
D) Montana
Answer: C
Diff: 2 Page Ref: 263
6) 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
Diff: 3 Page Ref: 263
7) 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
Diff: 3 Page Ref: 264
8) Julio wants to apply for unemployment benefits, how much will 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
Diff: 3 Page Ref: 262
9) 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%