question

Chuck broke his leg at work and was told he needed to get physical rehabilitation. How long, after the incident, does he have to file a claim?

answer

6 - 24 months

question

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?

answer

95%

question

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

answer

fee-for-service

question

In 2022, how old will Cary have to be to receive full Social Security benefits?

answer

67

question

Julio wants to apply for unemployment benefits, how much will he have to have earned, in the last four quarters, to qualify?

answer

$1,000 total

question

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

answer

6.2% of the first $7,000

question

How is Medicare Part A financed?

answer

payroll taxes paid by both employers and employees

question

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

answer

Texas

question

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

answer

Medicare Select

question

If Fred signs-up for Medicare Part B, what percent of his medical services and supplies will be covered after he has paid his annual deductible?

answer

80%

question

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).

answer

Medicare Advantage

question

MomPop's General Store can avoid paying workers' compensation taxes if it keeps its staff to less than how many employees?

answer

12

question

Under the Family and Medical Leave Act, for Pierre to take time off to take care of his wife and new child how many hours would he have had to work in the previous 12 months?

answer

1,250

question

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

answer

Medigap

question

Which of the following is covered by Medicare Part A?

answer

home health care

question

How often will Jill receive an unemployment check?

answer

weekly

question

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

answer

12 months

question

Which of these is NOT covered under workers' compensation?

answer

chronic unemployment

question

The first 4 quarters of the last 5 completed calendar quarters in the previous year is the base period for which benefit?

answer

unemployment insurance

question

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

answer

10 years

question

Medicare Prescription Drug Program will cover how much of Silvia's prescription costs, after she meets the initial $295 deductible?

answer

75%

question

Th IRS uses the term "highly compensated employees" for what purpose?

answer

for non-discrimination rules in employer-sponsored health insurance benefits

question

This type of executive bonus plan is similar to the appraisal system used to determine merit increases for non-executive employees.

answer

performance-contingent

question

This is the difference between the stock price at the time of purchase and the lower stock price at the time an executive receives the stock option.

answer

capital gains

question

Which type of stock options does not give executives favorable tax treatment?

answer

nonstatutory

question

What is the term used when a company offers stock to its employees?

answer

stock grant

question

Executives can covert phantom stocks into real shares after they meet which two criteria?

answer

remain employed at least 5 years & retire from the company

question

When he became CEO, Duane was given a stock option that does not require him to exercise his option in order to receive income. Which plan is it?

answer

stock appreciation rights

question

Under SEC rules, which of the following is true?

answer

Board of director members may be subject to personal liability for paying excessive executive compensation.

question

This stock option allows executives to be awarded stocks at discounted prices, but requires that they pay taxes on the discounted amount at the time of the stock grant.

answer

nonstatutory

question

Which of the following are the two main components of current core compensation?

answer

base pay & bonuses

question

Using this executive compensation theory, shareholders negotiate the compensation contracts with the executive in hopes of aligning the executive's interests with theirs/

answer

agency

question

The SEC requires compensation information on the CEO and how many of the highest paid executives?

answer

4

question

Restricted stock generally allows the executives ownership of the stock after how many years?

answer

5-10

question

This refers to the sale of stock by the stockholder.

answer

disposition

question

Which executive bonus amount varies with the extent to which a pre-established minimum performance level is met?

answer

target plan

question

A golden parachute clause can be triggered by which of the following?

answer

corporate takeover

question

These rights provide employees with an opportunity to purchase a number of stocks at a designated price within a specified period of time.

answer

stock option

question

A short-term incentive plan would most likely be used for which company employee?

answer

the company's CEO

question

These entitle an executive to purchase company stock in the future for a predetermined price.

answer

incentive stock options

question

This type of executive bonus is based on a bonus pool that is determined by a fixed-formula that is not determined by the executive's performance.

answer

predetermined allocation

question

In the end, Yolanda beat Tristen and Michel in a series of competitions among top-level managers to become CEO of National LemGlass. Which compensation theory did the company probably use?

answer

tournament

question

What does the IRS use the term "key employees" for?

answer

to determine the necessity of top-heavy provisions in employer-sponsored qualified retirement plans

question

In 2010, the average CEO earned how much more annually than the average food service worker?

answer

178 times greater

question

Which type of contingent worker tends to have specialized skills that are in relatively limited supply in the labor market?

answer

independent contractors

question

For part-time employees to be eligible to be in a company's retirement plan, which two qualifications must be met?

answer

age 21 or older & worked 1000 hours in a year of service

question

According to the most recent data as of this books publishing, what percentage of the U.S. civilian labor force did contingent and flextime-schedule employees comprise?

answer

27.5%

question

A worker considered part-time is working less than how many hours in a week?

answer

35

question

What type of test is used to determine if an independent contractor is financially dependent?

answer

economic reality test

question

Who is responsible for compensating on-call employees?

answer

the hiring company

question

Their placement fees are either a percentage of the client company's payroll or a fixed fee per employee.

answer

leased employees

question

An employee living in which place would benefit most from telecommuting due to minimizing expenses and commute time?

answer

Boston

question

Temporary employment agencies are responsible for complying with all federal employment legislation except which one?

answer

workers' compensation

question

The Bureau of Labor Statistics does not monitor pay levels for which type of temporary workers?

answer

independent contractors

question

ARAMARK providing cafeteria service workers to a client company is an example of the utilization of which type of employees?

answer

leased employees

question

When a telecommuting employee works from a remote extension from the employer's office that includes a clerical staff and a full-time manager, that employee is said to be working at what type of office?

answer

satellite work center

question

What is it called when Tanesha and Jaunita both work part-time to complete the duties of one full-time position?

answer

job sharing

question

What is the economic reality test used to check for?

answer

the financial dependence of independent contractors

question

This type of telecommuting involves executives who travel extensively and maintain control over projects through the use of telephones, faxes, and email.

answer

nomadic executive office

question

Who has the authority to define a "year of service" for pension protection purposes?

answer

the U.S. Department of Labor

question

In a company wanted to hire contingent workers as a way to screen workers for possible full-time employment, which type of worker would the company likely employ?

answer

temporary

question

What employment issue does the Walling v. A.H.Belo Corporation Supreme Court ruling address?

answer

fixed weekly pay for flexible employees

question

Which type of contingent worker is most likely to be involved in a job sharing arrangement?

answer

part-time employees

question

Since temporary workers are employees of both the temporary employment agency and the client company, the dual employer common law doctrine establishes temporary workers' right to receive which of the following?

answer

workers' compensation

question

The safe harbor rule requires that the contingent worker be covered by whose pension plan?

answer

the leasing company

question

Which type of contingent worker would work for a company on a long-term basis, presumably on an indefinite basis?

answer

leased employees

question

To be covered by FLSA overtime and minimum wage provisions, seasonal employees must work for a company that is open how many months in a year?

answer

7

question

What group must strongly opposes the use of contingent workers?

answer

trade unions

question

How many days will Jamal have to work to complete a "year of service"?

answer

125

question

Most contingent workers were employed as what, in 2005?

answer

on-call employees

question

If the local index for Athens, Greece is 191, what does that mean?

answer

the cost of living is 91% higher in Athens than Washington, DC

question

Andre is going to be stationed overseas for about 18 months, so his foreign service premium will increase his base pay by about how much?

answer

10 - 30 %

question

When is a goods and services allowance given?

answer

when the cost of living is higher in the foreign work location than in the U.S.

question

Quarters allowance is the U.S. Department of State's nomenclature for which expatriate cost provision?

answer

housing and utilities allowance

question

What law mandates that management bargain in good faith with labor unions over terms of employment such as wages?

answer

National Labor Relations Act of 1935

question

If the local index in Manila, Philippines is 91, what does that mean?

answer

the cost of living in Manila is 9% lower than in Washington, DC

question

About how many countries are deemed as hardship locations by the U.S. State Department?

answer

150

question

The State Department's Index compares the foreign costs of goods and services with which U.S. city?

answer

Washington, DC

question

How are hardship allowances usually paid to expatriates?

answer

added to monthly salary amount

question

Which base-pay method works best for expatriates who move from one foreign assignment to another and rarely, if ever, work in their home countries?

answer

headquarters-based

question

An international assignment is considered long-term when it lasts at least how long?

answer

1 year

question

Renata Marie has been given a mobility premium as a reward for moving form one assignment to another. In what form did she receive this premium?

answer

lump-sum payment

question

Which of the following would be considered a hardship location (due to unhealthy and difficult living conditions)?

answer

Calcutta, India

question

Benjamin is going on his first expatriate assignment to a country considered a hardship location. About how much will you have to increase his base pay?

answer

5% - 35%

question

If your company hired an Australian manager to work in your plant in China, she would be considered which type of international employee?

answer

third country national

question

Your company is sending Sheila on a six-month assignment to Sweden, so you should probably use which method to determine her base pay?

answer

home-country based

question

What happens under tax equalization?

answer

The employer takes the responsibility for paying the income tax on behalf of the expatriates.

question

Juanita was told that on her first overseas assignment she would be getting a foreign service premium. That probably means she will be there at least how long?

answer

12 months

question

Stephan is going to be getting a mobility premium for going to Saudi Arabia. How are you going to give it to him?

answer

lump-sum payment

question

Which of the following is considered an enhanced benefit for expatriates?

answer

education reimbursement for expatriates' children

question

Since he started at American Eyeful Pictures, Inc., David has worked in Japan, China, and Thailand. The company has probably set his base pay using which method?

answer

headquarters-based

question

When determining Ms. Jenkins' relocation assistance amount what will you need to consider?

answer

all of the above

question

These represent additional paid time off for employees working in hardship locations.

answer

rest and relaxation leave benefits

question

Tuition reimbursement and day care assistance fall under this category.

answer

service practices

question

AT&T plans on sending R.J. to Peru to work for at least 3 years. They will probably use which method to set his base pay?

answer

host-country-based

question

What provides expatriates the standard of living that they normally enjoy in the United States?

answer

the balance sheet approach

question

International employees are categorized into one of these three titles.

answer

host country national, third country national, expatriates

question

What does the term repatriation refer to?

answer

an expatriate returning home to work after completing an overseas assignment

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