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serg [7]
4 years ago
12

Which of the following is a false statement about health savings accounts (HSAs)?a. HSAs are available to any taxpayer using a h

ealth plan purchased through the state or federal exchange under the Affordable Care Act.b. Distributions from HSAs which are not used to pay qualifying medical expenses are generally subject to a 20 percent penalty as well as income taxes.c. Taxpayers who contribute to an HSA must carry qualifying high-deductible health insurance.d. Taxpayers must contribute to the HSA by April 15 of the year following the tax year for which they want the deduction.e. Distributions from HSAs are not taxable when used to pay qualifying medical expenses.
Business
1 answer:
Rom4ik [11]4 years ago
8 0

Answer: HSAs are available to any taxpayer using a health plan purchased through the state or federal exchange under the Affordable Care Act

Explanation:

Health Savings Account simply works with a health plan which possess a high deductible. An individual can just save the money he or she has in their HSA account before the taxes will be deducted and the funds can be used to pay for expenses relating to health.

The statement about health savings accounts (HSAs) that is not true is that HSAs are available to any taxpayer using a health plan purchased through the state or federal exchange under the Affordable Care Act.

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What are the examples of current assets?
Stells [14]

Answer:

d. Cash, accounts receivable and inventory

Explanation:

Current assets are assets that can easily be converted to cash including cash and cash equivalent.

Considering all the options given;

Option a . Cash, accounts payable, inventory has account payable which is a current liabilities. This also applies to option c.

Option b has building as one of the items. Building is an example of a fixed asset which is a non current asset.  

Option e has Credit which is usually a liability item when considering the balance sheet.

Hence Option d which has Cash, accounts receivable and inventory is the right option.

7 0
3 years ago
Assume the economy is self-regulating and currently is in long-run equilibrium with the price level equal to P5. If something ha
Marina86 [1]

Answer:

The correct answer is P3, Q3.

Explanation:

Once the market has reached its equilibrium, one may ask: what happens if there is an increase in demand? First, this would shift the demand to D ’, raising prices because the offer (at least for now) is already determined. This price increase allows the generation of profits, in point 1. However, it forces the offer to the right (S ’), reaching a balance in E2, where our company produces the same initial amount.

5 0
3 years ago
The ________ view calls for companies to develop low-cost, high-powered, resource-minimizing innovations that can be marketed to
zepelin [54]

Base of the Pyramid.

The base of the pyramid view calls for companies to develop low-cost, high-powered, resource-minimizing innovations that can be marketed to the billions of people living on less than a few dollars a day.

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5 0
2 years ago
The direct write-off method of accounting for uncollectible accounts Group of answer choices a) emphasizes cash realizable value
Deffense [45]

In general, the direct debit system for accounts not received is not recognized as a basis to calculate bad debts.

Option-c

<u> Explanation: </u>

However, some transactions may not be received on record. Customers are split, unable to pay, and usually lack the morals to conclude a half of the contract. Certainly, a corporation has legal recourse to seek to recover these accounts, but they often fail.

In addition, an accounting system to calculate and document these non-collectible products is required. Unrecoverable loans are often named "bad debts”. This method is a simple way of paying for purchased intangible assets. This method excludes a particular account payable at that time it is eventually considered uncollectible from bank records.

8 0
3 years ago
Which of the following stages in a buying sequence will result in a specific option or set of options from which price, delivery
storchak [24]

Answer:

C.

Explanation:

Since determine of characteristics has already been established the next would be to search.

3 0
3 years ago
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