_____ Are a Type of Fringe Benefit Received Over and Above

question 40

Multiple Choice

_____ are a type of fringe benefit received over and above salary.

• A)Cash compensations
• B)Profit margins
• C)Perquisites
• D)Residual profits

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Definitions:

Medicare and Medicaid

U.S. government programs that provide health insurance and medical assistance to specific groups, with Medicare serving older adults and people with disabilities, and Medicaid assisting low-income individuals and families.

Social Security System

A government program that provides financial assistance to people with insufficient or no income, focusing mainly on the elderly, disabled, and families with dependent children.

Payroll Tax

Costs inflicted on both employers and their workers, often calculated as a fraction of employee salaries.

Market Income

The amount of income earned by an individual or company without any government transfers.