The Average Cost of Employee Benefits Is About ____ Percent

question 78

Multiple Choice

The average cost of employee benefits is about ____ percent of total compensation.

• A) 18
• B) 22
• C) 30
• D) 38
• E) 41

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Definitions:

Federal Unemployment Taxes

Taxes imposed by the federal government on employers to fund unemployment benefits for workers who have lost their jobs.

Gross Earnings

The total income earned by a company before deductions such as taxes and expenses.

Overtime Pay

Additional compensation paid to employees who work beyond the standard hours set by the company's policy or by law.

FICA Tax Rate

The combined rate for Social Security and Medicare taxes in the United States, paid by both employees and employers.