Which of the following statements about cafeteria plans is (are) true?
I.Unspent flexible spending account balances are refunded in cash to the employee,tax-free,at year-end.
II.Cafeteria plans enable employees to select benefits that meet their specific needs.
A) I only
B) II only
C) both I and II
D) neither I nor II
Correct Answer:
Verified
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