BUS 409 Quiz 8 NEW

Question 1

In 2009, Carnation Candles had 100 employees. Approximately how much did the legally required benefits cost the company that year?

• Question 2

What were the Medicare Part A monthly premiums in 2011?

• Question 3

What is the only state where employers are not required to fund workers’ compensation programs?

• Question 4

Medicare Select is one of the choices under which Medicare Plan?

• Question 5

This Medicare Plan was established with the passage of the Balanced Budget Act of 1997 as an alternative to the original program (parts A & B).

• Question 6

Which Medicare plan offers enrollees lower premiums in exchange for limiting their choice of health care providers?

• Question 7

In 2011, how much would you have to earn to qualify for one quarter of credit for OASDI coverage?

• Question 8

Due to the fact that the costs of benefits has risen so dramatically in recent years, the majority of the companies decided to finance discretionary benefits using

• Question 9

To receive OASDI disability benefits, Sung Lee’s disability would have to be expected to last at least how long?

• Question 10

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?

• Question 11

If the CEO of a new company asked you how much per employee she will be taxed by FUTA, what would you tell her?

• Question 12

To be fully insured under OASDI, an employee would have to work at least how long?

• Question 13

Mary works at a pharmaceutical company as a customer service representative. Her employer allows her to choose the set of benefits she will receive on top of preestablished sets of benefits such as medical insurance, and term life insurance. The company gave her credits equal to 6% of her salary with which she decided to purchase dental and vision insurance. This pharmaceutical company uses what kind of benefits plan?

• Question 14

Medicare Part A is based on what type of health care option?

• Question 15

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?