Intro to Earning
Your Benefits & Your Paycheck
OK, you mentioned earlier that money also comes out of my check to help pay for my benefits. What benefits were you talking about?
The benefits that may be available to you vary widely from company to company—everything from health and dental insurance to retirement contributions to reduced gym memberships.
What are the tax incentives for most employer-sponsored retirement plans?
Contributions to a retirement account are tax deductible
Contributions to a retirement account grow tax-deferred
Employer matching contributions to your retirement account are tax-free
All of the above
How do you typically pay for your benefits?
The cost is offset with tax credits
The cost is deducted from your paycheck
Employers typically pay for benefits
The cost is withdrawn from your checking account
Which of the following is typically NOT considered a benefit?
Health Insurance
Dental Insurance
Pet Care
Retirement Plan