A form of compensation whereby the employee receives a predetermined amount of benefit money to spend on a benefits package he or she has selected to meet individual needs is called a(n)

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A flexible benefits plan, also known as a cafeteria plan, allows employees to select from a menu of benefit options, such as health insurance, retirement plans, and life insurance. The employee is given a predetermined amount of money to spend based on their individual needs, providing them with more control over their benefits package.

A Form of Compensation Whereby the Employee Receives a Predetermined