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1. A cafeteria plan allows employees to select between a variety of nontaxable fringe benefits or taxable cash compensation. True/False 2. Keogh plans allow self-employed
1. A cafeteria plan allows employees to select between a variety of nontaxable fringe benefits or taxable cash compensation.
True/False
2. Keogh plans allow self-employed individuals to save for retirement on a tax-deferred basis.
True/False
3. Wages paid by an employer to an employee who is the employer's child under age 18 are not subject to federal FICA and unemployment taxes.
True/False
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