Legally required benefits currently include all of the following EXCEPT ________.

Question

Quizplus · Accepted Answer

D)As the name indicates,legally required benefits are mandated by law.Legislation mandates some benefits,and employers provide other discretionary and voluntary benefits.Discretionary benefits are benefit payments made as a result of unilateral management decisions in nonunion firms and from labor-management negotiations in unionized firms.Voluntary benefits,on the other hand,are usually 100 percent paid by the employee,but the employer typically pays the administrative cost.Voluntary benefits have two distinct advantages: (1)they are generally nontaxable to the employee and (2)the cost may be much less for large groups of employees than for individuals.

Legally Required Benefits Currently Include All of the Following EXCEPT