Bus 409 Wk 10 Quiz 9

BUS 409 WK 10 Quiz 9

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1) What does the IRS use the term "key employees" for?

A) for non-discrimination rules in retirement benefits

B) for non-discrimination rules in health insurance benefits

C) to determine the necessity of top-heavy provisions in employer-sponsored qualified retirement plans

D) to determine the necessity of top-heavy provisions in employer-sponsored health insurance plans

2) The IRS considers Sylvia to be a highly compensated employee for Beautiful Pictures, Inc., which means she has at least one of which of the following qualifications in the preceding year?

A) 1% owner in the top paid employee group

B) 5% owner in the top paid employee group

C) made over $50,000

D) made over $75,000

3) Which of the following are the two main components of current core compensation?

A) base pay & bonuses

B) base pay & legally-required benefits

C) bonuses & legally-required benefits

D) base pay & discretionary benefits

4) Under the Troubled Assets Relief Program (TARP), banks with financial assistance from the federal government can only deduct how much annually for an executive's pay as a business expense?

A) $100,000

B) $200,000

C) $500,000

D) $1,000,000

5) This type of executive bonus plan is similar to the appraisal system used to determine merit increases for non-executive employees.

A) performance-incentive

B) target

C) performance-allocation

D) performance-contingent

6) This type of executive bonus is based on a bonus pool that is determined by a fixed-formula that is not determined by the executive's performance.

A) target plan

B) predetermined allocation

C) performance-contingent

D) discretionary

7) Which executive bonus amount varies with the extent to which a pre-established minimum performance level is met?

A) target plan

B) predetermined...