Payroll Practices from an Employer's General Assets Are Welfare Benefit

question 22

True/False

Payroll practices from an employer's general assets are welfare benefit plans covered by the Employee Retirement Income Security Act (ERISA).

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Definitions:

Income

The monetary payment received for goods or services, or from other sources, such as wages or investments.

Intermediation Revenue Model

The different methods by which third parties such as brokers (or “middlemen”) can generate money.

Commission

A fee paid for provided services typically a percentage of the item sold.

Home Renters

Individuals or groups who lease living spaces from landlords or property management companies for a specified period.