3.07 The Ways We Are Paid.pdf - Page | 20 2.3.9.A3 The Ways We Are Paid 15 Total Points Earned Total Points Possible Percentage Name Date Class

3.07 The Ways We Are Paid.pdf - Page | 20 2.3.9.A3 The Ways...

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Unformatted text preview: Page | 20 2.3.9.A3 The Ways We Are Paid 15 Total Points Earned Total Points Possible Percentage Name Date Class Directions: Learn about Tom in the scenario below and use the information to answer the questions that follow. Tom has been a full time firefighter for six years. He loves every shift spent at the firehouse. A few months ago, while working, Tom fell through the floor of the burning home. After a trip to the emergency room, Tom was told he had a broken leg that required surgery. Tom made it through surgery fine but had to wear a cast and walk on crutches for the next six weeks. In addition, he needed four weeks of physical therapy after the cast was removed. Since his injury occurred while he was working, his medical expenses qualified for workers’ compensation. Tom filed a workers’ compensation claim as soon as his injury was diagnosed. Workers’ compensation paid for all of his medical expenses ‐ a grand total of $31,365 between the emergency room visit, surgery, doctor’s visits, a short hospital stay, and physical therapy. Tom’s employer gave him a light duty assignment while he recuperated. Therefore, Tom only missed two weeks of work, rather than the entire ten weeks while he was on crutches and receiving physical therapy. As one of his employment benefits, Tom had accumulated 35 paid sick days over the last six years. He was able to use these sick days during his recovery period, so he didn’t lose any income during his two weeks of not working and the additional 5 days missed for follow up exams and physical therapy. This totaled $2,500 in wages that would have been lost without paid sick days. Thanks to workers’ compensation and sick leave provided by his employer, Tom had a quick recovery and returned to fighting fires with no financial hardships from medical bills and lost wages. This helped him avoid stress during his recovery and his quick return to work enhanced Tom’s well‐being. © Take Charge Today – August 2013 – Getting Paid Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at The University of Arizona Page | 21 2.3.9.A3 1. Complete the chart below: How did the program or benefit help Tom? Workers’ compensation Paid sick leave What monetary benefit (dollar value) did Tom receive from each benefit/program? How much did Tom contribute financially to have each benefit/program available to him? paid for his medical $31,6365 expenses nothing $31365 Lost wages: $2,500 not use his sick days nothing got paid while on leave If the benefits/programs were not available, what would it have cost Tom out of pocket? 2. How much did Tom have to pay to recover from his injury? Explain. (2 points) nothing 3. What would have happened to Tom’s income if he didn’t have the benefit of paid sick days? he would have lost money 4. Do you believe Tom would have had the same outcome and quick recovery without workers’ compensation and sick leave? Provide at least two reasons to support your answer. (2 points) yes, he would still have went to the hospital he just would have alot of medical bills 5. Employers pay their employees in different ways. What is one way Tom was “paid” by his employer without receiving a direct wage? Workers comp and paid sick days 6. Using Tom's story as an example, write a short paragraph comparing the benefits of having a job with employer provided benefits to being paid cash by your employer. If you have employee benefits you don't have to stess about getting sick or hurt while on the job. You also won't loose money if these happen. © Take Charge Today – August 2013 – Getting Paid Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at The University of Arizona ...
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