The Major Advantage of a Flexible Spending Account Is

question 52

Multiple Choice

The major advantage of a flexible spending account is:

• A)that dependent care expenses are covered through the same account.
• B)the increases in employees' take-home pay.
• C)that unused funds revert to the employee.
• D)that the account covers unpredictable expenses.
• E)that it is regulated by the state tax code.

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Definitions:

Federal Deficit

The amount by which a government's expenditures exceed its tax revenues.

High Income Earners

Individuals or entities that receive income significantly above the average for their region or country, often subject to higher tax rates.

Sovereign

A supreme ruler, especially a monarch, or relating to a nation's independent authority and right of self-governance.

Public Works

Projects and activities financed and undertaken by the government aimed at providing public goods and infrastructure, such as roads, schools, and water systems.