Chapter 39 - TOOLS & TECHNIQUES OF EMPLOYEE BENEFIT AND...

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9th Edition College Course Materials Deanna L. Sharpe, Ph.D., CFP®, CRPC®, CRPS® Associate Professor CFP® Program Director Personal Financial Planning Department University of Missouri-Columbia Please Note : Correct answers for each question are indicated in bold type. After each question, the number of the page containing information relevant to answering the question is given. When a calculation is necessary or the reasoning behind a given answer may be unclear, a brief rationale for the correct answer is also given. Part B: Employee Benefit Planning Cafeteria Plans Chapter 39: Flexible Spending Account True/False 39.1 A flexible spending account is a type of cafeteria plan funded with salary reductions that an employee elects annually 39.2 A flexible spending plan can reduce employment taxes paid by an employer. 39.3 A flexible spending account can be used to pay health insurance premiums. Answers: 39.1 True [p. 343] 39.2 True [p. 343] 39.3 False [p. 343] Multiple Choice 39.4 A flexible spending plan is beneficial when a. employees need benefits that are difficult to provide on a group basis b. employees have co-insurance and deductibles to meet for health insurance c. employer wants to provide relatively more benefits to highly compensated employees d. a and b
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Chapter 39 - TOOLS & TECHNIQUES OF EMPLOYEE BENEFIT AND...

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