Which of the following plans,often provided to workers by their employer,allows the employee to choose among a listing both tax-sheltered and non-tax-sheltered benefits?
A)Cafeteria plan
B)Flexible spending accounts
C)Employer-sponsored qualified retirement plans
D)Health savings account

Question

Quizplus · Accepted Answer

A cafeteria plan, also known as a flexible benefits plan, allows employees to choose from a variety of benefits, such as health insurance, dental insurance, vision care, and life insurance, as well as non-insurance benefits such as childcare, transportation, and legal services. Employees typically allocate a certain amount of their pre-tax income to pay for their selected benefits. This approach allows employees to tailor their benefits to their individual needs and preferences while potentially reducing their taxable income.

Which of the Following Plans,often Provided to Workers by Their