Question

1. Which of the following is true about 401(k) plans? Select all that apply. (Select 2)

Answer 1

1. The correct choices are;

b. money is set aside for retirement before tax reductions

d. some employers match employee contributions

A 401(k) is a retirement savings plan supported by a business. It gives specialists a chance to spare and contribute a bit of their paycheck before duties are taken out. Charges aren't paid until the point that the cash is pulled back from the record.  

With a 401(k), you control how your cash is contributed. Most designs offer a spread of common finances made out of stocks, securities, and currency advertise speculations. The most mainstream choice will in general be deadline reserves, a mix of stocks and bonds that bit by bit turn out to be progressively preservationist as you achieve retirement.

2. The answer is "b. flex time".

Workers don't have one-measure fits-all timetables. Numerous parts of their own lives can strife with the standard 9-to-5, Monday through Friday hours. Whatever the reason, most representatives value having the capacity to pursue a flexible schedule, also known as flextime.

Flextime enables representatives to modify their calendars inside a specific scope of hours and days.Flextime is feasible for any activity work, yet it's substantially more hard to offer it to client and customer centered workers.

3. The answer is "b. overtime".

Non-exempt employee alludes to a classification of workers qualified for extra time pay and the lowest pay permitted by law as depicted in the Fair Labor Standards Act (FLSA). Non-exempt representatives must be paid for every hour that they work and 1.5x their time-based compensation for any hours worked more than 40. Workers who win under $455/week and the individuals who don't utilize individual attentiveness and autonomous judgment at any rate half of the time are considered non-absolved. Hands on, development, semi-talented and support specialists are non-excluded.  

4. The answer is "a. It is a person's income before taxes and deductions".

Gross income, also called gross pay, is a person's aggregate make good on before government expenses or different deductions. This incorporates salary from all sources and isn't constrained to pay got in real money, yet can incorporate property or administrations got.  

For a few people, gross income is just their pay before charges and conclusions. The dollar sum people get from their paycheck after all the assessment and different conclusions are made is the salary, likewise called net pay. However, for different people, there are different kinds of pay that ought to be incorporated while figuring gross pay.

5. The answer is "d. Work atmosphere".

An unfriendly or useless work environment isn't only troublesome for representatives, it additionally harms the organization's picture, impedes worker execution and consumes the organization's benefits.  

Your work atmosphere impacts your inclination, drive and execution. On the off chance that representatives work in a bleak office setting with disagreeable specialists, they likely won't feel spurred or certain to talk up. That is the reason making a beneficial work atmosphere is basic to the general accomplishment of your organization.

Answer 2

1. a,b,d
2. b
3. d
4. a
5. a