"Workers' compensation is an exclusive remedy." Elaborate on this statement with an example.
What will be an ideal response?
Workers' compensation is an exclusive remedy. Thus, workers cannot both receive workers' compensation and sue their employers in court for damages. Workers' compensation laws make a trade-off: An injured worker qualifies for workers' compensation benefits and does not have to spend time and money to sue his employer, with a possible risk of not winning. The employer has to pay for workers' compensation insurance, but does not have to incur the expense and risk of a lawsuit.
Example: A professor is covered by her university's workers' compensation insurance. While teaching her class, the professor is injured when she trips over a power cord that was lying on the floor in the classroom. In this case, the professor's sole remedy is to recover workers' compensation. She cannot sue the university to recover damages.
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Employee withdrawal happens with ______.
A. absenteeism B. poor job market C. high job satisfaction D. high engagement
The entry to record a sale of merchandise on credit that is subject to sales tax includes a(n) ________ to Sales Tax Payable.
Fill in the blank(s) with the appropriate word(s).
Lambert Manufacturing has $100,000 to invest in either Project A or Project B. The following data are available on these projects (Ignore income taxes.): Project AProject BCost of equipment needed now$100,000 $60,000 Working capital investment needed now - $40,000 Annual cash operating inflows$40,000 $35,000 Salvage value of equipment in 6 years$10,000 - Refer to Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided.Both projects will have a useful life of 6 years and the total cost approach to net present value analysis. At the end of 6 years, the working capital investment will be released for use elsewhere. Lambert's required rate of return is 14%.The net present value of Project A is:
A. $94,450 B. $60,120 C. $51,000 D. $55,560
The lower the number of withholdings claimed on a W-4, the:
A) higher the gross pay. B) higher the net pay. C) lower the gross pay. D) lower the net pay.