The Major Advantage of a Flexible Spending Account Is That

question 79

Multiple Choice

The major advantage of a flexible spending account is that

• A)dependent care expenses are covered through the same account.
• B)it increases employees' take-home pay.
• C)unused funds revert to the employee.
• D)it covers unpredictable expenses.
• E)it permits post-tax contribution to an employee's account.

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Definitions:

Drafting

The process of creating a preliminary version of a document or plan.

Brainstorms

A group or individual creativity technique designed to generate a large number of ideas for the solution to a problem.

Jot-dots

A technique for making brief, bullet-pointed notes to capture key information succinctly.

Freewriting

Freewriting is a prewriting technique in which a person writes continuously for a set period of time without regard to spelling, grammar, or topic, to generate ideas and overcome blocks.