Question

Oscar claims that employee benefits have little impact on lifetime income so one should only consider a job with the

largest salary. Which statement about his claim is true?
He is correct because a larger salary would allow one to save more money for retirement.
He is correct because benefits have no monetary value to an employee even though the employer may pay for
them.
O He is incorrect because health insurance will save the employee money he could apply to retirement.
O He is incorrect because the employer gives the money for benefits directly to the employee so the employee can
use the money as he wishes.

Answer 1

C. He is incorrect because health insurance will save the employee money he could apply to retirement.

Explanation:

Answer 2

Answer: He is incorrect because health insurance will save the employee money he could apply to retirement

Explanation:

Employee benefits are the benefits that are enjoyed by workers of an organization or company apart from their salaries or wages. It should be noted that employee benefits are usually non-monetary compensation. Employee benefits also help increase an employees living standard. These benefits include health insurance, vacation, retirement benefits etc.

Oscar claims that employee benefits have little impact on lifetime income is actually wrong. Considering the employee benefits and not looking at the largest salary is advisable for an employee.

For example, an employee without a health insurance will have to pay his or her hospital bills from the wages or salary he or she collects but for a company that provides employee benefits, the health insurance will cover for the hospital expenses and the money that could have been spent can be saved for retirement.