BancorpSouth Understanding Employee Benefits

Ready to test your knowledge on employee benefits? Below are ten multiple choice questions to answer. After you've completed answering all ten questions, click "Grade Me!" at the end of the quiz to see how you did.

Question 1

If you have a cafeteria plan from your employer, you:

(A) Have company sponsored dining facilities on premise.	Correct Incorrect
(B) Are allowed to choose from a variety of benefits to create an overall benefits package that best suits your individual needs.	Correct Incorrect
(C) Have to pay federal income taxes on your employer benefits.	Correct Incorrect
(D) Will receive the most popular benefits as determined by votes from your fellow employees.	Correct Incorrect

Question 2

Which of the following is not a type of healthcare "managed care plan"?

(A) Preferred Provider Organization Plan (PPO).	Correct Incorrect
(B) Point of Service Plan (POS).	Correct Incorrect
(C) Health Maintenance Organization Plan (HMO).	Correct Incorrect
(D) Pick Your Own Doctor Plan (PYOD).	Correct Incorrect

Question 3

Which of the following are not typical components of disability plans?

(A) Paid sick leave.	Correct Incorrect
(B) Short term disability insurance.	Correct Incorrect
(C) Long term disability insurance.	Correct Incorrect
(D) Life insurance benefits.	Correct Incorrect

Question 4

Which of the following can be paid out of a Flexible Spending Account (FSA) per IRS rules?

(A) Medical expenses.	Correct Incorrect
(B) Dental expenses.	Correct Incorrect
(C) Psychiatric care.	Correct Incorrect
(D) All of the above can be paid out of a Flexible Spending Account.	Correct Incorrect

Question 5

Under most worker's compensation insurance plans offered by an employer, which of the following is the insured typically entitled to?

(A) Compensation for pain and suffering.	Correct Incorrect
(B) Punitive damages for employer negligence.	Correct Incorrect
(C) Wage replacement and medical benefits.	Correct Incorrect
(D) All of the above.	Correct Incorrect

Question 6

Under the Family Medical Leave Act, how many weeks of unpaid, job protected leave are eligible employees entitled to?

(A) 6 weeks.	Correct Incorrect
(B) 9 weeks.	Correct Incorrect
(C) 12 weeks.	Correct Incorrect
(D) 20 weeks.	Correct Incorrect

Question 7

Employers with 20 or more employees are usually required to provide continuation of group health coverage that otherwise might be terminated under what Federal legislation?

(A) Family Medical Leave Act (FMLA).	Correct Incorrect
(B) Occupational Safety and Health Act (OSHA).	Correct Incorrect
(C) Federal Unemployment Tax Act (FUTA).	Correct Incorrect
(D) Consolidated Omnibus Budget Reconciliation Act (COBRA).	Correct Incorrect

Question 8

Which of the following employee benefits count as taxable income on your federal return?

(A) Accident and health benefits.	Correct Incorrect
(B) Educational assistance.	Correct Incorrect
(C) Group-term life insurance coverage.	Correct Incorrect
(D) Unemployment benefits.	Correct Incorrect

Question 9

Under the Federal Unemployment Tax Act (FUTA), who is required to pay unemployment insurance taxes?

(A) You, the employee.	Correct Incorrect
(B) Your employer.	Correct Incorrect
(C) You and your employer.	Correct Incorrect
(D) Neither you nor your employer.	Correct Incorrect

Question 10

Employers are increasingly turning to workplace wellness programs in order to?

(A) Reduce healthcare costs by developing a healthier workforce.	Correct Incorrect
(B) Compete for the best employees.	Correct Incorrect
(C) Compensate for the lack of physical activity in many professions.	Correct Incorrect
(D) All of the above.	Correct Incorrect

	Correct	Incorrect
Question 1
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Question 10

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Understanding Employee Benefits