Personal Finance (MindTap Course List)
Personal Finance (MindTap Course List)
13th Edition
ISBN: 9781337099752
Author: E. Thomas Garman, Raymond Forgue
Publisher: Cengage Learning
Question
Chapter 1.5, Problem 1CC
Summary Introduction

To determine:Flexible spending account and the impact of pretax dollars.

Introduction: Flexible spending account which is based on pretax dollars of the employees avoids the individuals from paying unnecessary taxes from their income while using the money to cover up the health care expenses.

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