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Ruth Garcia is a children's photographer for Midlands Photography Studios. She would like advice about using an FSA for miscellaneous

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Ruth Garcia is a children's photographer for Midlands Photography Studios. She would like advice about using an FSA for miscellaneous prescriptions and other medical expenses. What reason(s) would you give her for having an FSA account?

a. The monthly amount is deducted on a pre-tax basis.
b. The employee’s income that is subject to income tax(es) is reduced.
c. The income subject to Social Security and Medicare taxes is reduced.
d. The FSA will continue from year to year if she does not use it.

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a The monthly amount is deducted on a …View the full answer


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Payroll Accounting 2022

Payroll Accounting 2022

ISBN: 9781260728798

8th Edition

Authors: Jeanette Landin

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Question Details
Chapter # 4
Section: EXERCISES SET A
Problem: 1
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Question Posted: August 18, 2023 22:45:20
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