Which of the Following Statements About Employee Benefits Is True

question 5

Multiple Choice

Which of the following statements about employee benefits is true?

• A)Employee benefits are not part of a company's total compensation package.
• B)Employee benefits are mostly not taxable.
• C)Employee benefits of all types are discretionary and are not mandated by law.
• D)Employee benefits of all types are mandated by law and are not discretionary.
• E)Employee benefits are funded either by the government or the employer; not the employee.

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Definitions:

Privacy Act of 1974

A federal law in the United States that governs the collection, maintenance, use, and dissemination of personally identifiable information about individuals that is maintained in systems of records by federal agencies.

Privacy Act of 1974

A U.S. law that establishes a Code of Fair Information Practice which governs the collection, maintenance, use, and disseminating of personally identifiable information about individuals that is maintained in systems of records by federal agencies.

Internal Revenue Service

The Internal Revenue Service (IRS) is the agency of the U.S. government tasked with collecting taxes and enforcing the laws related to taxes.

Government in the Sunshine Act

A U.S. law aimed at ensuring that agencies conduct their meetings in public, promoting transparency.