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5 Written questions

5 Matching questions

  1. Nonqualified deferred compensation plan
  2. Family and Medical Leave Act (FMLA)
  3. Deferred compensation
  4. Involuntary deductions
  5. Long-term disability (LTD) coverage
  1. a Income deferral benefit offered to a select group of management or highly compensated employees in the organization
  2. b Replaces a portion of an employee's lost income after short-term disability coverage ends
  3. c Payroll deductions such as tax levies and court-ordered child support that an employee must pay
  4. d Plan that provides income to employees at some future time as compensation for work performed now
  5. e Act that provides employees with up to 12 weeks of unpaid leave to care for family members or because of a serious health condition of the employee

5 Multiple choice questions

  1. Act that extended prevailing wage rate and benefit requirements to employers providing services under federal government contracts
  2. Form of base pay that is dependent on the number of hours worked
  3. Tax credit to encourage employers to hire people from targeted groups
  4. Periodic compensation payment given to eligible employees regardless of their performance or company profitability; usually linked to inflation
  5. Nonqualified deferred compensation plans that provide benefits to selected management or highly compensated employees beyond Section 401 or 415 limitations

5 True/False questions

  1. Factor comparison methodMost commonly used method of job evaluation; it involves using specific factors to evaluate job worth


  2. Job rankingEvaluation method that establishes a hierarchy of jobs from lowest to highest based on overall importance to the organization


  3. Differential payForm of direct compensation where employers pay for performance beyond normal expectations to motivate employees to perform at higher levels


  4. Utilization reviewAudit of health-care use and charges to identify which benefits are used and to make certain that care is necessary and costs are in line


  5. Qualified domestic relations orders (QDROs)Tax-deferred accounts to which wage earners can contribute an amount up to a yearly maximum


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