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325 Notes chapter 10

325 Notes chapter 10 - 325 Notes Chapter 10 Tax Deferred...

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325 Notes Chapter 10 Tax Deferred Plan: All employees must be able to get same options Make it attractive to the lower level employees not just executives Workers Compensation: Every employer must have this for their employees Used in case workers get injured on the job To get around this, hire people of the books so don’t have to pay Medicaid: State run Health insurance plan For the less wealthy Cobra: If you lose your job, you can still maintain health coverage You still have to pay for it. Disability Insurance: Usually will give you 60% of salary If they gave you 100% of salary, this would give you an incentive to hurt yourself Make the same salary at home doing nothing You do not want to deduct your disability insurance premium all benefits that you get will be taxable Defined Benefit Plan: It is defined by the amount of time you have spent with the company You build up an annuity (you will get paid $x every year for the rest of your life Defined Contribution:
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