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1 year ago

Describe the importance of employee benefits as a strategic component of fulfilling the goals of hrm?

Business

1 answer:

Tanya [424]1 year ago

7 0

Employee benefits have become more significant and diverse

Employee benefits

Typically, membership-based incentives are provided to recruit and retain staff.
Although they have no direct impact on a worker's performance, insufficient benefits make workers unhappy.

The Price of Offering Employee Benefits

The cost of benefits and services is around 40% of an organization's payroll expense.
When significant wage and salary increases are not possible, benefits become the main topic of discussion with employees.

Community Security

Funded by equal contributions from the employer and the employee, based on a percentage of wages.
Offers retirement income, income for disabled workers, and money for surviving dependents.
offers Medicare some health insurance coverage.

Unemployment Insurance

Employers who pay both federal and state taxes on the taxable wage base provide the funding.
Tax rates vary depending on an organization's history with unemployment.

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Grand River Corporation reported taxable income of $500,000 in year 1 and paid federal income taxes of $105,000. Not included in

kondor19780726 [428]

The corporation's current earnings and profits for year one would be (A) $354,000.

<h3>What is taxable income?</h3>

The base on which an income tax system levies tax is referred to as taxable income.
In other words, the income is subject to taxation by the government.
In general, it includes some or all elements of income before costs and other deductions are deducted.
Income, costs, and other deductions differ depending on the country or system.
Many systems stipulate that certain types of income are not taxable (also known as non-assessable income) and that certain expenses are not deductible when calculating taxable income.
Some systems base tax on current-period taxable income, while others base it on prior-period taxable income.

<h3>To find the current earnings and profit for one year:</h3>

Income + Installment sale = 500,000 + 25,000 = $525,000

Income taxes + tax-exempt income = 170,000 + 1000 = $171,000

525,000 - 171,000 = $354,000

Therefore, the corporation's current earnings and profits for year one would be (A) $354,000.

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Complete question:

Grand River Corporation reported taxable income of $500,000 in year 1 and paid federal income taxes of $170,000. Not included in the computation was a disallowed meal and entertainment expense of $2,000, tax-exempt income of $1,000, and deferred gain on an installment sale of $25,000. The corporation's current earnings and profits for year 1 would be:

A) $354,000.

B) $524,000.

C) $500,000.

D) $331,000.

7 0

2 years ago

When a parent uses the equity method throughout the year to account for its investment in an acquired subsidiary, which of the f

Roman55 [17]

Answer: The correct answer is "C. Parent company total assets equals consolidated total assets".

Explanation: The statement "C. Parent company total assets equals consolidated total assets" is false before making adjustments on the consolidated worksheet when a parent uses the equity method because the parent company total assets are not equal to consolidated total assets.

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3 years ago

You observe a portfolio for five years and determine that its average return is 12.5% and the standard deviation of its returns

mihalych1998 [28]

Answer:

Yes, you can be confident that the portfolio will not lose more than 30% of its value next year

Explanation:

In this question , the average return of portfolio is 12.5% and the standard deviation is 19.5%. It is estimated that there will be 30% loss next year. The confidence interval is 95%.

Range = Average return ± 2 x Standard deviation Low aid = 12.5% - (2 x19.5%) =12.5% -39% = -26.5%

High end = 12.5% +(2 x19.5%) =12.5%+39% = 51.5%

Thus, the low end is

26.5%

The range of return at 95% confidence interval is -26.5% to 51.5%

8 0

3 years ago

Two gamblers bet $1 each on the successive tosses of acoin. Each has a bank of $6. What is the probability that:a They break eve

strojnjashka [21]

Answer:

Part a: The probability of breaking even in 6 tosses is 0.3125.

Part b: The probability that one payer wins all the money after the 10th toss is 0.0264.

Explanation:

Part a

P(success)=1/2=0.5

P(Failure)=1/2=0.5

Now for the break-even at the sixth toss

P(Break Even)=P(3 success out of 6)

P(3 success out of 6)

$=^6C_3/(2^6)\\=5/16\\=0.3125$

So the probability of breaking even in 6 tosses is 0.3125.

Part b:

So the probability that one of the player wins all the money after the 10th toss is given as the tenth toss is given as a win so

Wins in 9 tosses is given as 9!/7!=72

The probability that the other person wins

Wins in 8 out of 10 tosses is given as 10!/8!(10-8)!=10!/8!2!=45

So the probability of all the money is won by one of the gambler after the 10th toss is given as

P=number of wins in 9 tosses-Number of wins in 10 tosses/total number of tosses

P=(72-45)/2^16

P=0.0264

So the probability that one payer wins all the money after the 10th toss is 0.0264.

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3 years ago

If your vehicle has an EFI system,

marta [7]

C: electronic fuel injection system control the fuel and air flow automatically during ignition. (In fact the most modern system probably completely ignore throttle input during ignition, at least those that are drive by wire rather than mechanical connections)

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3 years ago