Under Internal Revenue Code's Section 125 and/or the Deficit Reduction Act (DEFRA), an employer requires an employee to complete more than three years of service before becoming eligible under a flexible-benefit plan.
Answer the following statement true (T) or false (F)
False
According to Section 125 and/or DEFRA, an employer cannot require an employee to complete more than three years of service before becoming eligible under a flexible-benefit plan.
You might also like to view...
What is meant by calibrating?
a. The use of interpersonal space to convey meaning. b. Process of observing behavior before critical questions are asked. c. The strongest response to a threatened ego. d. Reinforcement of the confessor's decision.
At the end of the current year, James Co. reported total liabilities of $300,000 and total equity of $100,000. The company's debt ratio was:
A. 67%. B. $400,000. C. 33%. D. 75%. E. 300%.
Which of the following statements is(are) false regarding the direct method of allocating service department costs?(A) The selection of an allocation base in the direct method is easier than the selection of an allocation base in the step method.(B) Once an allocation is made from a service department using the direct method, no further allocations are made back to that department.
A. Only A is false. B. Only B is false. C. Neither of these is false. D. Both of these are false.
Identify the prepositional phrase or prepositional phrases in the sentence. The capital of Bulgaria is Sofia