Ive had the brother version of that headset and its definitly good for the price. Better build, sound, and voice quality than equally priced turtle beaches.
Dual 3.5mm, 3-pole plugs, Single 3.5mm, 4-pole plug adapter
This just means it has separate plugs for both audio and voice, and comes with a converter so you can use both sound and voice on phones and ps4.
I will tell you though that going headphone+desk mic combo is a fair bit nicer, as it gets you away from the "For gamers, so cool" products and starts to focus more on quality rather than aesthetics, though I don't have much experience with the $50 range headphones, as i got my headphones from my friend and they certainly arent around $50