Question
Which of the following is true about Section 125 cafeteria plans? Multiple Choice All items in a cafeteria plan are exempt from Social security and
Which of the following is true about Section 125 cafeteria plans?
Multiple Choice
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All items in a cafeteria plan are exempt from Social security and Medicare taxes.
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Insurance premiums and other selected expenses may be paid with pre-tax dollars.
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It allows employees access to the companys cafeteria at no extra cost.
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Fringe benefits are always considered part of a cafeteria plan.
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Intermediate Accounting principles and analysis
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
2nd Edition
471737933, 978-0471737933
