Shared Flashcard Set

Details

3.5 Cafeteria Plans-Qualified Benefits
taxable and nontaxable qualified benefits
20
Accounting
Undergraduate 1
08/09/2015

Additional Accounting Flashcards

 


 

Cards

Term
Qualified benefits
Definition
Accident and health plans
Term
Qualified benefits
Definition
Dependent care assistance programs
Term
Qualified benefits
Definition
Group-term life insurance
Term
Qualified benefits
Definition
Short-term or long-term disability coverage
Term
Qualified benefits
Definition
Health Savings Accounts
Term
Qualified benefits
Definition
Elective contributions to a qualified Cash or Deferred Arrangement (only Section 401(k) plans)
Term
Qualified benefits
Definition
Elective vacation days
Term
Qualified benefits
Definition
Cash
Term
Qualified benefits
Definition
Flexible spending accounts (medical flexible spending accounts employee contributions are limited to $2,550 annually)
Term
Qualified benefits
Definition
Adoption assistance
Term
excluded from an employee's income
Definition
Educational assistance plans
Term
excluded from an employee's income
Definition
Scholarship and fellowship grants
Term
excluded from an employee's income
Definition
Rides in commuter vans
Term
excluded from an employee's income
Definition
De minimis fringes
Term
excluded from an employee's income
Definition
No-additional-cost services
Term
excluded from an employee's income
Definition
Employee discounts
Term
excluded from an employee's income
Definition
Working condition fringes
Term
excluded from an employee's income
Definition
Deferred compensation arrangements (except under a qualified Section 401(k) plan)
Term
excluded from an employee's income
Definition
Qualified transportation fringe benefits (e.g., transit passes, parking, van pooling, bicycle commuting).
Term
qualified benefit is
Definition
not included in the gross income of a participant in a cafeteria plan
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