Which of the Following Is a Legally-Required Employee Benefit That

question 61

Multiple Choice

Which of the following is a legally-required employee benefit that employers must provide?

• A) Wellness programs
• B) Unemployment compensation
• C) Education assistance
• D) Public-service leave

---

Definitions:

Payments

Payments refer to the amounts of money transferred from one party to another as compensation for goods or services, or as fulfillment of an obligation.

Compounded Quarterly

The process where interest is added to the principal sum of a loan or deposit four times a year, resulting in a higher amount of interest being accumulated than if compounded less frequently.

Equivalent Economic Position

A financial strategy or situation where two different financial instruments or situations have the same economic value or return.

Payments

Transactions or exchanges of money between two parties, often for goods or services rendered.