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

To explain: Whether an individual should contribute in flexible spending account or in a 401(k) retirement account.

Introduction:

Employment decisions:smart decisions about employee benefits can increase actual income 30 percent or more. Such decisions helps recognize regular investments to get long-term maximum earnings. An employee benefit is the general term for the indirect benefits one receives at work,it includes benefits like paid vacations sick days, health insurance, a retirement plan, child care, parental leave, and an educational assistance program. While some benefits are free, others will cost some money, but they also will save money.

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