Which of the Following Statements Concerning Cafeteria Plans Is True

question 43

Multiple Choice

Which of the following statements concerning cafeteria plans is true?

• A) Allows employees to choose from a menu of fringe benefits or to choose cash.
• B) Most of the menu choices are nontaxable fringe benefits.
• C) Any cash elected is treated at taxable compensation.
• D) All of these are true statements.

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Definitions:

Microsoft Access

This Microsoft system for database management unites the relational Microsoft Jet Database Engine with a user-friendly graphical interface and software development utilities.

Manage Data

The process of organizing, storing, protecting, and controlling access to data to ensure its accuracy, reliability, and availability for users.

Define Fields

The process of specifying the name and data type for each column in a database or spreadsheet.

Name Table

In databases, a name table is used to store names or identifiers, often associated with other data elements or tables for reference purposes.