An employer-sponsored medical plan that allows each employee to have pretax earnings deposited into a specially designated account for the purposes of paying specific types of expenses is called a
A) flexible spending account.
B) medical emergency account.
C) medical contingency account.
D) pre-tax contingency account.
E) none of the above.
Answer: A
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Balance sheet and other accounts for GPA are listed below in alphabetical order. Use these accounts to construct GPA's balance sheet for 2013
All balance sheet accounts are shown, but some accounts will not be used. All amounts are in millions of dollars. Accounts payable $1900 Accounts receivable $661 Cash $1,000 Common stock $2,000 EBIT $1,968 Interest expense $8.00 Inventories $1,620 Long-term debt $890 Net plant & equipment $2,563 Other current assets $645 Other long-term assets $576 Retained earnings $2,080 Short-term debt $195 Taxes $778
The whale curve:
A) graphs sales verses customers. B) graphs profits verses customers. C) graphs the 80/20 rule. D) finds that 80% of costs are generated by 20% of the customers.