All of the Following Are Items That May Be Part

question 31

Multiple Choice

All of the following are items that may be part of a benefits package from a company EXCEPT:

• A)health insurance
• B)paid time off
• C)retirement or pension benefit programs
• D)FICA contributions
• E)defined contribution programs

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Definitions:

Profit And Loss Ratio

An agreed upon ratio used to divide earnings or losses of a partnership.

Salary Allowances

Portions of an individual's salary that are non-taxed, typically for specific purposes like travel or housing.

Interest Allowances

Specific amounts deducted or allowed to accommodate interest on loans or advances, often related to banking or finance terms.

Partners' Equity

The owners' claim on the business assets in a partnership, which equals the net worth of the business divided among its partners.