These accounts allow employees to pay for specified benefits with before-tax dollars.In the absence of a these account, the employee would have purchased the same services with after-tax dollars.They can either add flexibility to a cafeteria plan or can accompany traditional benefit plans with little other employee choice.Identify these accounts.
A)Modular plus accounts
B)Premium conversion accounts
C)Core plus accounts
D)Modular conversion accounts
E)Flexibility spending accounts

Question

Quizplus · Accepted Answer

Flexible Spending Accounts (FSAs) allow employees to pay for certain eligible expenses with pre-tax dollars, thus reducing their taxable income.

These Accounts Allow Employees to Pay for Specified Benefits with Before-Tax