What differentiates Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs) ?
A) Amounts contributed to FSAs may not be rolled over from one year to the next.
B) HSAs expire on an annual basis but FSAs continue perpetually.
C) FSAs expire annually but HSAs may be reserved for use late in life.
D) Only HSAs may be deducted from employee on a pre-tax basis.
Correct Answer:
Verified
Q6: Fringe benefits are given to employees in
Q7: Contributions to FSAs in excess of what
Q8: If a fringe benefit involves a deduction
Q9: Fringe benefits and employee satisfaction have no
Q10: The most common way to determine the
Q12: Which of the following is an includible
Q13: Certain fringe benefits that are not part
Q14: Health Savings Accounts may be used as
Q15: Which of the following deductions may be
Q16: Which of the following is/are hallmarks of
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