forgone wages and forgone interest.
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- Briefly discuss What are the key features of the Employee Provident Fund (EPF) scheme ?“Pay for performance” is a principle many people agree with. What conditions need to be met in order for this principle to work, in practice? Explain.Explain the concept of zero-based budgeting and its application to sales forecasting.
- Your company decides to hire a new employee named Philip. Philip makes $40,000 salary for the year. The $40,000 Philip earns is: a measurement of his work's value to the company. the same as gold his total compensation adjusted for inflation. an example of goods and services.Tamara has requested your help in choosing a disability policy. She has been a successful trial attorney for 10 years and wants a policy that will pay a disability benefit if she can no longer work as a trial attorney, even if she is able to work in some other capacity in the legal profession. Which of the following disability definitions will provide this benefit? A)The enhanced own occupation definition B)The own occupation definition C)Reimbursement occupation definition D)The modified any occupation definitionHoperates a manufacturing plant and carries a Business Income Form. This policy would cover: OA loss of earnings as the result of a recession loss of earnings as a result of fire damage to the building loss of earnings as a result of a discontinued product line employees loss of earnings due to a strike OD.
- Describe the purpose of budgeting, including how it helps achieve the desired outcomes of a healthcare programWhat is a Defined Contribution Retirement Plan (DCRP)?Lou-anne is a member of her employer's registered pension plan. Her employer contributed $5,000 to the plan; Lou-anne contributed $2,500. What statement is true? O a) Lou-anne can deduct her contribution from her taxable income; she must include her employer's contribution in her income. O b) Lou-anne can deduct her contribution from her taxable income; her employer's contribution is not considered a taxable benefit. Oc) Lou-anne cannot deduct her contribution from her taxable income; her employer's contribution is not considered a taxable benefit. Od) Lou-anne cannot deduct her contribution from her taxable income; her employer's contribution is considered a taxable benefit.