Jack Has to Decide Between Two Jobs That Provide Equal

question 2

Multiple Choice

Jack has to decide between two jobs that provide equal pay.He decides to compare the health care benefits provided by both jobs to arrive at a decision.He wants to choose the job that offers him a flexible spending account over the job that offers him managed care.Which of the following statements best supports Jack's preference?

• A) With managed care,the insurer makes decisions about health care,which helps avoid unnecessary procedures.
• B) Money in flexible spending accounts is not taxed,so employees get more take-home pay.
• C) The money in the flexible spending accounts must meet IRS requirements.
• D) At the end of each year,money remaining in a flexible spending account reverts to the employer.
• E) Contributions to a flexible spending account may not exceed $5,000 per year.

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Definitions:

Environmental Degradation

The deterioration of the natural environment through depleting resources, destroying ecosystems, and polluting air, water, and land.

Rate of Extinction

The speed at which species are disappearing from Earth, often measured over a certain time frame.

Natural Rate

An economic concept referring to the level of unemployment, interest, or growth that exists without interference in a free market.

Radioactive Waste

Hazardous waste material that contains radioactive substances and requires special handling and disposal to protect human health and the environment.