Question 9 of 10 • Starkweather 2024 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
H
He is correct because a larger salary would allow one to save more money for retirement.
H
He is correct because benefits have no monetary value to an employee even though the employer may pay for them.
H
He is incorrect because health insurance reduces medical expenses, freeing up more income for long-term savings such as retirement.
H
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.