Contributions to FSAs in excess of what annual amount are treated as taxable income?
A)$1,660
B)$1,930
C)$2,370
D)$2,650

Name: Contributions to FSAs in excess of what annual amount are treated as taxable income? A)$1,660 B)$1,930 C)$2,370 D)$2,650
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Question

Quizplus · Accepted Answer

The annual contribution limit for FSAs for 2021 is $2,750. Contributions in excess of this amount are treated as taxable income. Therefore, the answer is D, which represents the highest amount listed ($2,650) that is still less than the annual limit.

Contributions to FSAs in Excess of What Annual Amount Are