Payroll accounting includes contributions to pre-tax accounts that can be spent on specific expenses. Which of the following is an example of a use for pre-tax account?
A) Child care
B) Meals
C) Entertainment
D) PTO

Question

Quizplus · Accepted Answer

Child care expenses can be paid for with pre-tax dollars through a dependent care flexible spending account (FSA), which is a type of account that payroll accounting may include for employees to contribute to for specific expenses.

Payroll Accounting Includes Contributions to Pre-Tax Accounts That Can Be