A Cafeteria Plan Allows Employees to Select Between a Variety

question 67

True/False

A cafeteria plan allows employees to select between a variety of nontaxable fringe benefits or taxable cash compensation.

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Definitions:

Illegal

Activities or actions that are forbidden by law and subject to penalties.

Discretion of the Employer

The freedom or authority granted to employers to make decisions regarding the management and operation of their business.

Required by Law

Referring to actions or processes that are mandated by legal statutes, thus compulsory to follow.

Employment Interviews

The formal conversations between employers and job applicants aimed at assessing the suitability of a candidate for a position.