7
QuizMultiple Choice

Careers, Salaries, and Lifetime Income — Quiz

Question 7 • Economics and Personal Finance

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?

Answer
A
He is incorrect because health insurance will save the employee money he could apply to retirement.
B
He is correct because benefits have no monetary value to an employee even though the employer may pay for them.
C
He is correct because a larger salary would allow one to save more money for retirement.
D
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.
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Oscar claims that employee benefits have little…