Which of the Following Would Not Be Included in Compensation

question 28

Multiple Choice

Which of the following would not be included in compensation of employees when calculating GDP using the income approach?

• A)The wage the owner of a small business pays themselves.
• B)Canada Pension Plan (CPP)premiums paid by an employer.
• C)Wages and salaries paid to workers.
• D)The cost of a health insurance plan that a corporation buys for its employees.
• E)The cost of payroll taxes.

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Definitions:

Unfair Labor Practice

Actions by employers or labor unions that violate the rights of employees regarding their collective bargaining or organizational activities, as defined by labor laws.

NLRA

The National Labor Relations Act is a crucial piece of US labor legislation that safeguards employees' rights to form unions and collectively negotiate with their employers.

Final Offer Arbitration

A form of arbitration where the arbitrator must choose one of the final offers presented by the parties involved, with no modifications.

Arbitrator

An independent person or body officially appointed to settle a dispute, often chosen by the parties involved for their expertise in a specific area.