Jillian Has Just Accepted an Offer from Accounting Firm for a Full-

question 1304

Multiple Choice

Jillian has just accepted an offer from accounting firm for a full- time position after completion of her master's degree. In addition to paying a high salary and premiums on the basic health insurance policy, the firm will pay the benefits listed below. Which of the following benefits can be excluded (assume the benefits are provided on a non- discriminatory basis to all employees) ?

• A) repayment of $1,500 of employee student loans; payment is made directly to the lender
• B) payment of eyecare coverage
• C) season's tickets for the local professional baseball team
• D) All of the above are excluded.

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Definitions:

Central Government

The government entity or authority that holds the highest level of governance within a nation, responsible for national policies and administration.

Consumer Sovereignty

The theory that consumer preferences and choices dictate the production and sale of goods and services in a market.

Laissez-Faire Economy

An economic system where transactions between private parties are free from government intervention such as regulations, privileges, tariffs, and subsidies.

Command Economy

An economic system where the government makes all decisions on the production and consumption of goods and services.