If you give cash as a wedding giftâ¦. 1  Always enclose it in a nice card with the appropriate personal note, wedding wishes, and congratulations to the happy couple.  If you choose to give cash as a gift card, opt for cards at stores the couple prefers and cards without expiration dates or monthly fees.
Essentially, a cafeteria plan allows an employee to reduce their gross income, effectively reducing the amount they pay in Federal, Social Security, and some State taxes. This amounts to a savings of between 25% and 40% of every dollar they contribute to the plan. The employer also realizes savings on FICA withholding tax for each participating employee. Ask your employer about Cafeteria Plans because they save you and your company money on taxes.
DEFINITION of 'Cafeteria Plan'. An employee benefit plan that allows staff to choose from a variety of benefits to formulate a plan that best suits their needs.Cafeteria plan options may include health and accident insurance, cash benefits, tax advantages and/or retirement plan contributions.Also known as cafeteria employee benefit plan or flexible benefit plan.imilar to a cafeteria where individuals select their food of choice, employees may choose benefits of their choice. These plans become more useful as diversity within workforces continues to grow. For example, the benefit needs of young families may differ greatly from those of a single person.