Business, 04.01.2021 02:20 anthony4034

Which of the following is a false statement regarding a Flexible Spending Account (FSA) (also known as a flexible spending arrangement)? A. The taxpayer does not have to pay taxes on money put into an FSA that he or she uses to pay for certain out-of-pocket health care costs
B. The taxpayer can use funds in his or her FSA to pay for copayments and deductibles
C. The taxpayer can use FSA funds to pay for insurance premiums
D. Employers may make contributions to the taxpayer’s FSA

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 10:00

How has internet access changed and affected globalization from 2003 to 2013? a ten percent increase in internet access has had little effect on globalization. a twenty percent decrease in internet access has had little effect on globalization. a thirty percent increase in internet access has sped up globalization. a fifty percent decrease in internet access has slowed down globalization.

Answers: 1

Answer

Business, 22.06.2019 11:30

Consider derek's budget information: materials to be used totals $64,750; direct labor totals $198,400; factory overhead totals $394,800; work in process inventory january 1, $189,100; and work in progress inventory on december 31, $197,600. what is the budgeted cost of goods manufactured for the year? a. $1,044,650 b. $649,450 c. $657,950 d. $197,600

Answers: 3

Answer

Business, 22.06.2019 14:20

Your uncle borrows $53,000 from the bank at 11 percent interest over the nine-year life of the loan. use appendix d for an approximate answer but calculate your final answer using the formula and financial calculator methods. what equal annual payments must be made to discharge the loan, plus pay the bank its required rate of interest

Answers: 1

Answer

Business, 22.06.2019 16:00

Winners of the georgia lotto drawing are given the choice of receiving the winning amount divided equally over 2121 years or as a lump-sum cash option amount. the cash option amount is determined by discounting the annual winning payment at 88% over 2121 years. this week the lottery is worth $1616 million to a single winner. what would the cash option payout be?

Answers: 3

Answer

You know the right answer?

Which of the following is a false statement regarding a Flexible Spending Account (FSA) (also known...

Questions