Future Business Leaders of America (FBLA) Personal Finance Practice Test

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What is often included in employee benefits?

Only health insurance
Stocks and bonds
Retirement plans and health insurance
Commission-based pay

The correct answer is: Retirement plans and health insurance

Employee benefits typically encompass various non-wage compensations provided to employees in addition to their normal salaries or wages. One of the most common types of employee benefits includes health insurance, which helps cover medical expenses for employees and their families. Alongside health insurance, many employers also offer retirement plans such as 401(k)s to aid employees in saving for their future. These benefits are designed to enhance the overall compensation package and support employee welfare. The inclusion of both retirement plans and health insurance reflects the comprehensive approach employers take in providing benefits, making option C the correct choice. This holistic view of employee well-being is crucial for attracting and retaining talent in a competitive job market.