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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

Answer :

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

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