For Those Workers Who Receive Fringe Benefits, Such as Health

question 79

Multiple Choice

For those workers who receive fringe benefits, such as health insurance and pensions, the additional income this results in-over and above the average hourly wage-is as much as (for some workers)

• A)10-12 percent.
• B)30-40 percent.
• C)51-62 percent
• D)70 percent or more.

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Definitions:

Perpetual Inventory

A system for managing inventory that instantly logs inventory sales or purchases via computerized point-of-sale systems and software for enterprise asset management.

Freight

The charge paid for transport of goods, typically either by land, sea, or air.

FOB Destination

A shipping term indicating that the sale is considered complete and the goods owned by the buyer upon arrival at the buyer's location.

Credit Memo

A document issued by a seller to a buyer, reducing the amount owed, typically due to a return or refund.