Question

Before the director's accident, Dee had worked with him to devise a plan that would allow each employee to select the fringe benefits he or she wants up to a certain dollar amount. The type of plan Dee and the director developed is known as a(n):

Answer 1

Answer:

This question is incomplete, the options are missing. The options are the following:

a) Cafeteria-style fringe benefits plan

b) Benefits buffet

c) Open options plan

d) Flexible spending plan

And the correct answer is the option D: Flexible spending plan.

Explanation:

To begin with, the name of "Flexible Spending Plan" refers to the type of plan that has in count the FSAs or Flexible Spending Accounts, that comprehends a tax advantaged benefit that is set up by the owners or managers of a company in order to make it possible for their employees to have the option of using this program in where they set aside a portion of their regular earnings in the company with the purpose of paying for a variety of healthcare and other expenses that tend to be dependent.