PERSONAL FINANCE,TAX UPDATE (LL)
PERSONAL FINANCE,TAX UPDATE (LL)
13th Edition
ISBN: 9780357438855
Author: GARMAN
Publisher: CENGAGE L
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Chapter 1.5, Problem 1CC
Summary Introduction

To determine:Flexible spending account and the impact of pretax dollars.

Introduction: Flexible spending account which is based on pretax dollars of the employees avoids the individuals from paying unnecessary taxes from their income while using the money to cover up the health care expenses.

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