401k plan - Study guides, Class notes & Summaries

CEBS GBA Exam 1 Questions & Answers 2023/2024 Broad view of Employee Benefits (Mod 1.1) - ANSWER-Considers Employee Benefits to be virtually any form of compensation other than direct wages paid to Employees (Ex: WC, Unemployment, State DI, SS, Vacation, Holidays, 401K/Retirement, Employer share of Medical, Severance Pay, Child Care, etc..) Narrow view of Employee Benefits (Mod 1.1) - ANSWER-Any type of plan sponsored or initiated by Employees and Employers and engaged in providing benef...

Bankruptcy - A legal proceeding involving a person or business that is unable to repay outstanding debts. The bankruptcy process begins with a petition filed by the debtor (most common) or on behalf of creditors (less common). Benefits - Include various types of non-wage compensation provided to employees in addition to their normal wages or salaries.[1] In instances where an employee exchanges (cash) wages for some other form of benefit is generally referred to as a 'salary packaging' or...

Verification Form I-9 must be completed by applicants providing proof of identity and employment eligibility within ______ of employment. 3 days What type of business is the easiest to establish and allows the owner to determine how profits are used although they are personally liable for all debt and assets? Sole Proprietorship A ______is a joint co-owner partnership established to specifically increase bonding and bidding capacities and profits. General Proprietorship Provisions of the A...

Primerica UCanPass UPDATED Exam Questions and CORRECT Answers 401k plan - Correct Answer- A qualified retirement plan in which the employee can set aside a portion of their income with pre-tax dollars. Absolute Assignment - Correct Answer- A permanent and irrevocable transfer of rights and/or benefits by the policy owner.

"The Golden Mean" - Refers to a formula for achieving perfect proportion. 1 tablespoon - 3 teaspoons 10 month old and 12 month old will do what if placed in the same room? - solitary 1st step in problem-solving - Identify or state the problem. 401K Plan - -You cannot use the money saved as a collateral for loans, They can invest in anything the wish, they match employee's contributions, pre-tax savings. -contribution plan where an employee can make contributions from his or her paycheck...

401K Plan - In the United States, a type of savings plan that allows employees to make contributions on a pre tax basis. (12) absolute assignment - An assignment of a life insurance policy under which the policy owner transfers all of his policy ownership rights to the assignee. Contrast with collateral assignment. (9) accelerated death benefit - A supplemental life insurance policy benefit which provides that a policy owner may elect to receive all or part of the policy's death benef...

Broad view of Employee Benefits (Mod 1.1) - ANSWERConsiders Employee Benefits to be virtually any form of compensation other than direct wages paid to Employees (Ex: WC, Unemployment, State DI, SS, Vacation, Holidays, 401K/Retirement, Employer share of Medical, Severance Pay, Child Care, etc..) Narrow view of Employee Benefits (Mod 1.1) - ANSWERAny type of plan sponsored or initiated by Employees and Employers and engaged in providing benefits that result from the employment relationship and ...

CT Life & Health Insurance Exam Review questions and answers, graded A+/ verified. A 55 year old recently received a $30,000 distribution from a previous employer's 401k plan, minus $6,000 for income tax withholding. Which federal taxes apply if none of the funds were rolled over? - -Income taxes plus a 10% penalty tax on $30,000 A certificate of coverage for a group health policy is best described as - -Proof of coverage for the employee A characteristic of preferred provider organiz...

Verification Form I-9 must be completed by applicants providing proof of identity and employment eligibility within ______ of employment. -Answer 3 days What type of business is the easiest to establish and allows the owner to determine how profits are used although they are personally liable for all debt and assets? -Answer Sole Proprietorship A ______is a joint co-owner partnership established to specifically increase bonding and bidding capacities and profits. -Answer Genera...

CEBS GBA Exam 1 Questions with Correct Answers Broad view of Employee Benefits (Mod 1.1) - Answer-Considers Employee Benefits to be virtually any form of compensation other than direct wages paid to Employees (Ex: WC, Unemployment, State DI, SS, Vacation, Holidays, 401K/Retirement, Employer share of Medical, Severance Pay, Child Care, etc..) Narrow view of Employee Benefits (Mod 1.1) - Answer-Any type of plan sponsored or initiated by Employees and Employers and engaged in providing benefit...