A Cafeteria Approach to Fringe Benefits Has the Following Advantage

question 42

Multiple Choice

A cafeteria approach to fringe benefits has the following advantage:

• A)it costs less than regular fringe benefits packages
• B)workers will be more satisfied with dead-end jobs
• C)different families can select different benefits
• D)an employer with cafeteria benefits is exempt from the Family and Medical Leave Act of 1993
• E)job repackaging is no longer needed

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Definitions:

Tangible

Relating to or representing things that have physical form and substance; can be touched or felt.

Cost Basis

The original value of an asset for tax purposes, typically the purchase price, adjusted for stock splits, dividends, and return of capital distributions, used to calculate capital gains or losses upon sale.

Appraisal Value

an estimated market value of an asset, typically determined by a professional appraiser based on condition, market trends, and other factors.

Purchase

The act of acquiring goods or services, often involving a legal transaction.