MATCHING KEY TERMS AND DEFINITIONS

question 54

Multiple Choice

MATCHING KEY TERMS AND DEFINITIONS
-A benefits program in which employees are permitted to pick benefits that most meet their needs.

• A)Summary Plan Description
• B)Defined contribution plan
• C)Health Maintenance Organization
• D)Flexible benefits
• E)Workers' compensation
• F)Domestic partner benefits
• G)Legally required benefits
• H)Unemployment compensation
• I)Social Security
• J)PPO
• K)Employee benefits
• L)ERISA
• M)Consumer driven health plan (CDHP)
• N)Flexible spending accounts
• O)Defined benefit plan

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Definitions:

Department of Homeland Security

A federal department in the United States established to ensure the safety and security of the country from terrorist attacks, man-made accidents, and natural disasters.

Average Tax Rate

The fraction of total income that is paid in taxes, calculated by dividing the total amount of taxes paid by the taxpayer's total income.

Legal Obligation

A requirement by law for an individual or entity to follow certain conduct or make certain payments.

Balance Budget

A financial plan or policy where total revenues are equal to or greater than total expenditures.