Final answer:
The term that refers to benefits for time not worked such as unemployment insurance, vacation and holiday pay, and sick pay is fringe benefits.
Step-by-step explanation:
The term that refers to benefits for time not worked such as unemployment insurance, vacation and holiday pay, and sick pay is fringe benefits. Fringe benefits are additional compensation that employees receive from their employer beyond their regular wage or salary. These benefits help to attract and retain employees and can include things like health insurance, retirement plans, and paid time off.