Asked by Aliyana Shivji on May 01, 2024
Verified
What are holiday pay, sick leave, and vacation pay examples of?
A) categories of health care benefits
B) benefits required by law
C) payment for time not worked
D) unearned benefits
Holiday Pay
Compensation for employees for designated holidays, typically without the requirement of working on those days.
Payment Time
The pre-determined or agreed upon time at which payment is made for goods provided, services rendered, or salaries for work done.
- Determine the elements affecting the escalation of costs associated with employee benefits.
Verified Answer
KJ
Keisha JohnsonMay 03, 2024
Final Answer :
C
Explanation :
Holiday pay, sick leave, and vacation pay are examples of payment for time not worked, as they are compensations employees receive when they are not performing their job duties due to holidays, illness, or vacation.
Learning Objectives
- Determine the elements affecting the escalation of costs associated with employee benefits.
Related questions
Which of the Following Is Based on the Perspective That ...
Which Action Helps Organizations Reduce the Cost of Health Care ...
How Do Cafeteria-Style Plans Increase Costs for Employers ...
What Are Flexible Benefit Plans? Explain Their Advantages and Disadvantages
How Are Cash Balance Plans Different from Defined-Benefit and Defined-Contribution ...