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Which type of business manager would most likely be in charge of deciding on the type of benefit package an employee receives?
Wiki User
∙ 12y ago
Human resource manager
Wiki User
∙ 12y ago
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Are key employee insurance premiums deductible?
It depends on who is paying the premium and who receives the benefit. Always a good idea to consult a tax professional when deciding on tax related issues. Just remember, a tax deduction today is fully taxable when benefits are paid out.
Are engineering technology jobs beneficial?
Naturally, engineering technology jobs are beneficial. They benefit the employee because he/she receives a paycheck, which can then be cashed in order to purchase goods and services, and they benefit companies looking to improve their engineering technology.
What is the most common type of employee benefit?
Health care is the most common type of employee benefit.
Can an employee take their life insurance policy with them when they leave the company?
It depends on what the employee benefit plan provides. You need to check the employee benefit handbook.
What is a covered expense?
A covered expense is an expense paid for usually by a company for their customers or a business for their employee. Covered expenses are a benefit defined by the company.
What benefits does Assurant Dental provide through the Group Employee Benefit program?
Assurant Dental provides many benefits through the Group Employee Benefit Program. One receives up to four periodontal cleanings in a 12-month period, brush biopsies, Periochips, genetic testing, dental healthcare discounts, and many other benefits.
Is group life insurance deductible as a business expense?
An employer's contribution to a group insurance plan is deductible as a business expense. This benefit is not taxable to the employee. An employee may not deduct a portion of the premium he cost shares with his/her employer. Typically a group benefit plan includes drug and dental coverage, lfe and long term disability . Where there may be cost sharing of the premium, an employer's contribution shoud always be to the health and dental portion. If any part of the premium for the long term disability is paid for by the employer, should the employee become disabled, then that benefit (usually up to 67% of the pre-disability earnings) would be taxable in the hands of the employee.
Why stakeholders interested in the success of the business?
If the business is successful, then the stakeholders will benefit by increased pay, job security, job satisfaction, profit maximization and business ethics within the community. Say, for instance, a business may offer a pay increase if a employee performs to a certain standard.
What are the advantages to a business of developing an employee incentive scheme?
A company which offers an employee incentive schemes can benefit from well-trained, loyal, motivated and productive employees. The employees performance and expertise level increases and the company is able to do better because of that.
Who receives the death benefit on a life insurance contract?
The beneficiary.
What must business travelers ask themselves before deciding to attend a trade show?
The main question is: "Will I, or my company, benefit from my visit?" The second question is: "Can I afford not to attend, when I may be able to get new orders?"
What is a benefit of the company Foremost Insurance Group?
Foremost Insurance Group is perfect for a business owner. They work hard to find the best plan for you. They are very concerned with your employee's safety.
