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Empowering Choice: The Benefits of a Section 125 Cafeteria Program

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Section 125 of the Internal Revenue Code covers a benefits scheme called a Section 125 cafeteria plan. This plan lets employees choose from a number of pre-tax benefit options. This means that the money utilized for these benefits is not subject to federal income or Social Security taxes. This is a win-win situation: employees get more out of their paychecks, while businesses pay less... https://brightpat.hashnode.dev/empowering-choice-the-benefits-of-a-section-125-cafeteria-program

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