PLACE Business Education: Employee Benefits Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. What do COBRA benefits cost the employee?

Question 2 2. Sara is injured at work, and is confined to a bed for a week while she fully recovers. What's the most likely indemnity benefit she will receive?

Question 3 3. Which type of retirement benefit plan allows employees to contribute with money that's already been taxed?

Question 4 4. Which of the following was NOT one of the main provisions of the Fair Labor Standards Act?

Question 5 5. FICA contributions go to a particular federal government account called the _____.

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Question 6 6. FMLA leave may be used for each of the following reasons, EXCEPT:

Question 7 7. Which of the following is NOT a qualifying event for purposes of COBRA benefits?

Question 8 8. What type of pension plan guarantees that the employee will receive a particular amount of benefit once he or she retires, even if the employer's investments don't do well?

Question 9 9. Sometimes a worker can take FMLA to care for a covered service member with a serious injury or illness. This is called:

Question 10 10. The FMLA allows certain employees to take up to:

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Question 11 11. Unemployment compensation is reserved for workers who lost their jobs:

Question 12 12. Under the FLSA, no one under _____ years of age can legally be employed, with few exceptions.

Question 13 13. Unemployment compensation was established as a part of the:

Question 14 14. The Equal Pay Act of 1963 includes the following components of 'pay' EXCEPT _____.

Question 15 15. The Social Security Act was just one of many pieces of legislation enacted in an attempt to ease difficulties during the Great Depression. These acts were collectively known as which of the following?

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Question 16 16. What is a key difference between pension plans and 401(k) plans?

Question 17 17. As of 2013, which of the following is true regarding the pay gap between men and women?

Question 18 18. Tim cuts his hand at work, requiring bandaging at the first aid station, but he returns to work immediately. He is able to continue coming to work until he resigns because his supervisor was very strict and often yelled. The injury did not inflict any permanent damage. Why is Tim NOT entitled to indemnity benefits?

Question 19 19. Brent is paid $9 an hour. He worked 40 regular hours plus 10 hours of overtime last week. How much per hour would he paid for his overtime hours?

Question 20 20. Who will eventually be able to utilize the SHOP marketplace?

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Question 21 21. Which of the following is NOT a requirement for an employee to receive COBRA benefits?

Question 22 22. Which of the following is not one of the four general factors used to determine if the work is equal for purposes of the EPA?

Question 23 23. Which of the following enforces the Equal Pay Act?

Question 24 24. The Social Security Act was enacted in which year?

Question 25 25. How many days prior notice must a covered employer usually provide a covered employee pursuant to WARN?

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Question 26 26. Unemployment compensation is paid through the collection of:

Question 27 27. Which of the following would be an event that would make a worker qualified for workers' compensation benefits?

Question 28 28. Alex wants to retire but is not vested. Why is this a bad idea?

Question 29 29. Justin makes $1000 per paycheck. He has a 401(k) plan and his employer has a 3% matching program. Justin decides he'd like to be more aggressive with his contributions, so he decides he's going to contribute 5% per paycheck. How much does this mean his employer will contribute per paycheck?

Question 30 30. Which of the following companies is subject to the Employer Shared Responsibility provision under the Affordable Care Act?

PLACE Business Education: Employee Benefits Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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