Xcel chapter 10 - Study guides, Class notes & Summaries

XCEL Chapter 10 Exam Questions Correctly Answered. Which of the following is NOT a federal requirement of a qualified plan? A. Must benefit a broad cross-section of employees B. Employee must be able to make unlimited contributions C. Vesting schedule must be defined D. Employer establishes the plan - CORRECT ANSWER Employee must be able to make unlimited contributions Which of the following employers is required to follow ERISA regulations? A. A local government with 150 employees ...

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What does the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985 allow an employee to do? A. In the event of employment termination, group health insurance can be kept if the employee pays the premiums B. Receive a tax credit to help offset the cost of health insurance C. Remain on their current coverage for 30 months D. In the event of employment termination, group health insurance can be kept if the employer pays the premiums correct answers In the event of employment terminati...

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30 XCEL Chapter 11 Exam Questions with 100% Correct Answers Document Content and Description Below 30 XCEL Chapter 11 Exam Questions with 100% Correct Answers What does the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985 allow an employee to do? A. In the event of employment term ination, group health insurance can be kept if the employee pays the premiums B. Receive a tax credit to help offset the cost of health insurance C. Remain on their current coverage for 30 months D. In ...

Stock insurer A non-participating company is also called Insurance policy Contract that involves one party which indemnifies another when a loss arises from an unknown event Mutual A type of insurer that is owned by its policy owners is called Because dividends are considered to be a return of premium Why are dividends from a mutual insurer not subject to taxation? Participating life insurance policy Life insurance policy issued by a mutual insurer provides a ret...

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Excel Chapter 1: Key Terms Quiz questions and answers 100% correct Worksheet A spreadsheet that contains formulas, functions, values, text, and visual aids. Workbook A file containing related worksheets. Input area A range of cells containing values for variables used in formulas. Output area A range of cells containing results based on manipulating the variables. Name Box Identifies the address of the current cell. Formula Bar Displays the content (text...