Answered

IDNLearn.com is your go-to resource for finding answers to any question you have. Our platform provides prompt, accurate answers from experts ready to assist you with any question you may have.

PLEASE HELP!!!!!! Money that can be used for any purpose is known as what?

Question 1 options:

Budget spending


Fun spending


Discretionary spending


Flexible spending

Sagot :

Money that can be used for any purpose is known as option D:  Flexible spending.

What do you mean by Flexible spending?

Money in flexible spending accounts is not taxed, so employees get more take-home pay.

The main advantages of flexible spending accounts are:

Money spent in flexible spending accounts can be deducted from your gross income, which means that you will end up paying less taxes.

   

Some auxiliary healthcare costs are not covered by health insurance (e.g. OTC prescriptions, diagnostic tests, travel vaccines, etc.) but can be paid by flexible spending accounts.

Learn more about spending, refer to the link:

https://brainly.com/question/22862643

#SPJ1

Thank you for using this platform to share and learn. Keep asking and answering. We appreciate every contribution you make. Your questions deserve accurate answers. Thank you for visiting IDNLearn.com, and see you again for more solutions.