A ______ Allows a Taxpayer to Put Pre-Tax Dollars into an Employer-Sponsored

question 96

Multiple Choice

A ______ allows a taxpayer to put pre-tax dollars into an employer-sponsored program to cover medical and child care costs.

• A) tax credit
• B) tax deduction
• C) flexible spending account
• D) tax deferred investment
• E) tax exempt investment

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Definitions:

Claim Negligence

The legal accusation that a party failed to exercise a reasonable standard of care, resulting in harm or damage to another.

Dishonor

The refusal or inability of an entity to fulfill a financial obligation, such as a check or bill.

Primarily Liable

Refers to the primary obligation or responsibility for fulfilling a debt or obligation, typically before any secondary or tertiary parties.

Accepts Check

The process of agreeing to take a check as a method of payment.