Which of the following describes an employee’s survivor benefit?

Study for the Liberty Tax School Test with flashcards and multiple choice questions. Each question includes hints and explanations to help you understand. Prepare effortlessly and excel in your exam!

An employee's survivor benefit is defined as a payment made to the deceased employee's beneficiary. This benefit is typically part of a life insurance policy or certain pension plans, ensuring that if an employee passes away, their designated beneficiary receives financial support. This is important for providing security to the family or dependents of the deceased, helping them manage expenses after the loss of the primary income source.

The other options do not align with the definition of survivor benefits. A benefit paid to the employer does not directly relate to the deceased employee's family. A retirement benefit paid to the employee is focused on the employee's financial support during their retirement, not on benefits that transfer after death. A bonus awarded for long service is a reward for tenure, lacking any connection to survivor benefits.

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