An advantage of flexible benefit packages is that they can reduce one's taxable income while increasing benefit options.

Name: An advantage of flexible benefit packages is that they can reduce one's taxable income while increasing benefit options.
Brand: Quizplus
Rating: 4.7 (48 reviews)

Question

Quizplus · Accepted Answer

Flexible benefit packages allow employees to allocate their compensation towards benefits that are pre-tax, such as health insurance, which reduces their taxable income while offering a variety of benefit options tailored to their needs.

An Advantage of Flexible Benefit Packages Is That They Can