EN ar po cbd 1 Normal 1 No Spac... Heading 1 Heading 2 Title Subtitle 4 A y 2 IN Styles Paragraph 5 1. Market Industries employs Billie Hart, at a salary of $100,000 per year. Her employer starts a Flexible Spending Account (FSA) plan for her dependent care expenses. Billie currently spends $7,500 per year on dependent care expenses. The total amount of all taxes withheld from her pay is 30%. What is the income differential (net pay difference) if Billie enrolls in the FSA? Answer: 2. Identify the closest matching pension plan to the corresponding definition. a. An investment account into which an employee contributes funds, and is available to any business entity type. Answer: b. The employer creates an account for each participant, and credits the account with a pay credit and an interest credit each year. Answer: C In this personal retirement account, participants pay taxes on funds when they are contributed to the account, rather than when the funds are later withdrawn