1-Theo just left his job after six years of employment. He is a participant in his former employers profit-sharing plan that has a three-to-seven-year graded vesting schedule (20% vested after three years). If his current plan balance is $47000, what will he be entitled to?

$37600

$47000

$18800

$40286

2-Which of the following is not an advantage of group benefits to employees as compared to buying them on their own?

Insurers can charge lower premiums because they have lower costs of administering the plan.

Employees can receive the benefits without reporting them as taxable income.

Employees will have more choices.

Insurers can charge lower premiums because they have lower underwriting costs.

3-Over the last 20 years, the rate of increase in health-care costs has been ________ average wage increases and __________ inflation.

greater than; greater than

equal to; greater than

greater than; equal to

less than; greater than