Health insurance
is the most expensive benefit to provide, with an average cost of $6,435 per employee for individual coverage, or $18,142 for family coverage. The next most-valued benefits were ones that offer flexibility and improve work-life balance.
Which account is likely to offer the highest interest rate?
Certificate of deposit
, or CD: usually has the highest interest rate among savings accounts but the most limited access to funds.
Which is true of ODP?
Which is true of overdraft protection (ODP)? It
requires funds to be available from a linked account
. Which would be a debit and reduce your bank account? Many employers offer employees direct deposit of their paychecks and encourage them to do so.
Which is the approximate percentage of total pay that fringe benefits make up quizlet?
Fringe Benefits currently account for approx. what percentage of total compensation? 25%-
30%
. You just studied 41 terms!
What is true overdraft protection?
Overdraft protection typically
allows transactions exceeding the balance in your checking account to be approved and can save you steep overdraft fees
. … Some banks offer overdraft protection, which can help you avoid fees each time your bank or credit union authorizes transactions greater than your available balance.
Which is the best strategy when considering an employer matching retirement plan *?
The best way to take advantage of a 401(k) match is
to set up payroll withholding
. If your employer will match up to 6% of your salary, make sure to direct at least 6% of your paycheck to the 401(k) plan.
Which is always necessary in order to receive a tax refund from the federal government?
Which is always necessary in order to receive a tax refund from the federal government?
A filer must file a federal tax return
. … a single accountant who has high house payments, property tax and state income tax.
How much interest will I get on $1000 a year in a savings account?
How much interest can you earn on $1,000? If you're able to put away a bigger chunk of money, you'll earn more interest. Save $1,000 for a year at
0.01% APY
, and you'll end up with $1,000.10. If you put the same $1,000 in a high-yield savings account, you could earn about $5 after a year.
Where should I put my savings money?
- Checking account.
- High-yield savings account.
- Money market account.
- Certificate of deposit (CD)
- Individual retirement account.
- Employer-sponsored retirement account.
- Other investments.
What is a realistic interest rate you could be offered by a savings account this year?
Average Bank Interest Rates in 2021: Checking, Savings and Money Market Rates. The average bank interest rate for interest checking accounts in the United States is 0.03%. Meanwhile, the average savings account rate is currently
0.06%
, and the average money market account interest rate is 0.09%.
Which is a drawback of being a salaried employee budget challenge quizlet?
Which is a drawback of being a salaried employee?
Work weeks might exceed 40 hours without additional pay
. Which benefit typically costs an employer the most to provide? You just studied 10 terms!
What is the approximate percentage of the total pay that fringe benefits make up?
Benefits make up
32 percent
of an employee's total compensation.
Which is a drawback of being salaried employee?
On the downside, salaried employees
don't get paid more for overtime work
. Thus they may be expected to work longer hours. Some workers who advance to salaried positions find they get paid less per hour than they did as hourly workers because they work so many additional hours.
What happens if I don't use my overdraft?
If you don't use your overdraft it will
show a zero balance
. Anyone who is in their overdraft will see the amount they owe on their credit report. If you only dip into your overdraft occasionally and it gets cleared at the end of the month when you get paid, your overdraft use may not appear on your credit report.
What happens if you go into overdraft?
If the bank makes the payment on your behalf (meaning you go over your overdraft limit) you're
likely to be charged a fee
. Or, if the bank stops the payment from going through, you could end up paying an admin charge to the company you failed to pay, plus a returned item fee to your bank.
How long does it take for overdraft protection to work?
Add Overdraft Protection
Your credit card must be activated; if it is not activated, no money will transfer to cover the overdraft. Once your credit card has been activated, please
allow up to 3 business days
for your Overdraft Protection service to be fully enabled.
