Question

33. Concerning Social Security tal Employees can choose to opt out of Social Security following the repeal of the indical mandate. thi Funding is provided by employee but NOT employer contributions under the growions of the Federal Insurance Contributions ACT (FICA) IcEmployees can retire beginning at age 55, with actuarial mathematically derheber increases to are 75 Id Annual Social Security benefits to retirees currently range from 20% to of preretirement income. le) Contributions are put into a fund that is invested in the stock market (f) All of the above. (8) All of the above except (a). .top 34. With respect to DEFINED BENEFIT pension plans (a) Benefits received upon retirement are determined by the employer's age and length of service. (b) Unions dislike them because they want to have a clear audit trail or dear determination of contributions into the plan. (c) They have been increasing in popularity because they encourage flexible employment relations. (d) Each employee has an account into which contributions are added, and the total benefit equals the investment performance as modified by age and service. (e) All of the above. (f) A&d. 35. Which statement is FALSE? (a) Recognition awards are merit pay plans granted on the spot to recognize employees for special recognition or performing beyond the call of duty. (b) Benchmark jobs are jobs commonly found across a range of organizations, and they involve essentially the same work and responsibilities regardless of the company. (c) The organization pay policy specifies the organization's pay level, which is how its pay compares to that of other organizations. (d) The pay policy line shows the midpoints of the pay ranges. Differences between the maximum and minimum allowable pay rates is the pay range. 36. With respect to pay that puts earnings at risk, (a) It is most common among lower-level managers and blue-collar workers. (b) Under straight commission plans, employees are paid a base pay plus a commission that varies directly with performance. (C) ESOP plans bestow rights to purchase stock on executives and other high-level employees. (d) More than half of all sales compensation plans combine base salary and commissions. (e) All of the above.

Answer 1

Statement E is true.

All statements are true.

All true except statement A

Statement D is correct