1.Explain why an employer would decide whether to have a qualified or nonqualified retirement plan. What provisions would the employer consider including in each type of plan?

2.Name and describe 3 fringe benefits that the employer may provide to an employee tax free and what discrimination rules, if any, apply to those benefits. Be sure to specify the code sections that provide the income tax exclusion for the benefit

3.What is an accountable plan, what rules apply to these plans and why is such a plan important?

4.What is an FSA, what rules apply to FSAs plans and why do employers use these plans?

5.Under a nonqualified deferred compensation arrangement, when are amounts taxable to the service provider and when does an accrual basis employer get the deduction? When are property transfers taxed to an individual and when does the employer get a deduction for such transfers? Are there any instances in which an employee can choose the year of taxation for property transfers?