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:

Okies

A term used to describe migrants from Oklahoma and surrounding states, especially during the Dust Bowl period of the Great Depression.

Dust Bowl

A period in the 1930s characterized by severe dust storms, causing significant ecological and agricultural damage to American and Canadian prairie lands.

The Grapes of Wrath

A novel by John Steinbeck, published in 1939, that explores the hardships and injustices faced by migrant farm workers during the Great Depression in America.

Rust Belt

A region in the northeastern and midwestern US characterized by declining industry, aging factories, and a decreasing population, historically known for its steel production and heavy manufacturing.