Which Is A Drawback Of Being A Salaried Employee Budget Challenge?

Which benefits typically cost employers to provide the most?

comprehensive health insurance.

O one week paid vacation.

$50,000 term life insurance..

Which is a drawback of being a salaried employee budget challenge quizlet?

Which is a drawback of being a salaried employee? Work weeks might exceed 40 hours without additional pay.

Which is a drawback of being a salaried employee?

On the downside, salaried employees don’t get paid more for overtime work. Thus they may be expected to work longer hours. Some workers who advance to salaried positions find they get paid less per hour than they did as hourly workers because they work so many additional hours.

What happens if a participant overpays a vendor and needs the money to pay a different bill?

What happens if a participant overpays a vendor and needs the money to pay a different bill? The money will be refunded overnight if the participant requests a refund from the vendor. “Life expenditures” in the simulation, such as groceries, eat out meals, and entertainment is reflected in monthly credit card charges.

Which is true of overdraft protection ODP?

7. What is overdraft protection (ODP)? A service to automatically transfer available funds from a linked account to cover purchases, prevent returned checks and declined items when you don’t have enough money in your checking account at the time of the transaction.

Is Commission Better Than Salary?

A salary system means you get paid a set amount each year for performing a job. Commission means that you earn a percentage of revenue on each sale you make. With salary plus commission, you often get a moderate base salary and a percentage commission that offers you the potential for strong earnings.

Is a commission only job good?

For the most part, commission-only gigs are flexible ones. That means that you can set your schedule as you need to in order to facilitate both professional and personal demands on your time. For job seekers looking for work-life balance, a commission-only job can be a great fit.

Which is the best strategy when considering an employer matching retirement plan budget challenge?

Which is the best strategy when considering an employer matching retirement plan? Contribute enough to get the full employer match since it’s free money.

How long does a doctor have to refund overpayment?

within 30 daysA. State law says physicians must return any overpayment to a patient within 30 days after determining the patient has overpaid. Because the law has no minimum balance exception, you can reasonably infer that you must refund all amounts, even tiny amounts.

When completing your W 4 withholding what is usually the best strategy budget challenge?

When completing your W-4 withholding, what is usually the best strategy? Try to have the same amount withheld as you expect to owe.

What does vesting mean?

“Vesting” in a retirement plan means ownership. This means that each employee will vest, or own, a certain percentage of their account in the plan each year. An employee who is 100% vested in his or her account balance owns 100% of it and the employer cannot forfeit, or take it back, for any reason.

What job pays the most hourly?

The Highest Paid Hourly JobsAdministrative Assistant / Secretary. Jacobs Stock Photography / Photodisc / Getty Images. … Dental Assistant. UpperCut Images / Getty Images. … Financial Clerk. John Lamb / DigitalVision / Getty Images. … Construction Worker. … Customer Service Representative. … Delivery Services Truck Driver. … Bus Driver. … Phlebotomist.More items…

Which job would most likely be paid salary plus commission budget challenge?

Which job would most likely be paid salary plus commission? Vehicle salesperson. Which is true of contracted hourly employees? They can qualify for overtime pay.

What is the budget challenge?

Budget Challenge® is an online 10-week personal finance simulation with full curriculum and assessments. Includes mobile app for paying bills on the go.

What happens if an insurance company overpays you?

The Court of Appeal allowed the insurance company’s appeal and granted an order of summary judgment against the insured. … if you are overpaid by your insurance company for a loss, you have to return the overpayment unless your insurance policy states otherwise.