Sunday, March 14, 2010

Chapter 13 Reflexion

Benefits- Includes all benefits- government and company.
Discussions- Benefits are really important!

Government Mandated Stuff-

Benefits required by law- could change drastically in a year.

· Social Security- Flat payroll tax on employees and employers.

· Unemployment Insurance- Payroll tax on employers that depend on state requirements on experience rating.

· Workers’ Compensation Insurance- Provide coverage according to state requirements. Premiums depend on experience rating.

· Family and Medical Leave- up to 12 weeks of unpaid leave for childbirth, adoption, or serious illness

We talked a lot about benefits and how important they are. It is so expensive to live and it seems like it is a smarter thing to do to get a job that gives good benefits rather then pays well. Pay is great but the older I get the more I see benefits can be better.

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