Three Crescent Inc

question 28

Multiple Choice

Three Crescent Inc.offers its employees the option of flexible-benefit plans.In this context,which of the following is a requirement resulting from Internal Revenue Code's Section 125 and/or The Deficit Reduction Act (DEFRA) ?

• A) Employees will not be allowed to carryover individual balances if the selected benefits are not fully used.
• B) Employees must be allowed to make a choice only among taxable benefits.
• C) Employee benefits elections must be revocable.
• D) Employees will need to complete more than three years of service before becoming eligible under the plan.

---

Definitions:

Overuse Of Natural Resources

The excessive use of natural resources, leading to their depletion or degradation, often faster than they can be replenished.

Paul Ehrlich

An environmental scientist known for his work on the population, resources, and the environment.

Famines

Extreme scarcities of food in a geographic area, leading to significant suffering, malnutrition, and mortality.

Fertility Rate

The average number of children born to a woman over her lifetime.