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Verdich [7]
4 years ago
8

Which of the following is a false statement regarding a Flexible Spending Account (FSA) (also known as a flexible spending arran

gement)?
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
Business
1 answer:
julsineya [31]4 years ago
5 0

Answer: C. The taxpayer can use FSA funds to pay for insurance premiums

Explanation:

The Flexible Spending Account (FSA) is very useful as it provides reimbursement for certain out-of-pocket health care cost and is not taxable saves people money.

However, even though FSA funds can be used to pay off deductibles and co-payments, taxpayers are not allowed to use it to pay insurance premiums.

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Holten Farm sells new tractors and pays each salesperson a commission of $1,000 for each tractor sold. During the month of Augus
OlgaM077 [116]

Answer:

B.Jacob will recognize commission expense in the amount of $3,000 in August

Explanation:

Jacob will recognize commission expense in the amount of $3,000 in August for the 3 tractors that was sold and Jacob was the salesperson who pays Jason the amount of cash realized on the 10th day of the month following the sale of the tractors.

The Commission expenses can be calculated as:

(commission of $1,000× Number of tractor 3)

=$3,000

5 0
4 years ago
Other things equal, an increase in productivity will Multiple Choice reduce aggregate supply and increase real output. reduce bo
leva [86]

Answer:

increase both aggregate supply and real output.

Explanation:

A rise in productivity makes it possible for each and every firm to rise the greater amount of output. due to this  aggregate supply will rise which will lead to increase in the real output.

Also the rise in productivity increase the aggregate supply and the AS curve would be shifted to right that rise the real output but reduce the level of the price in the new equilibrium output level

Therefore the above represent the answer  

6 0
3 years ago
Think about the following products: cell phone, automobile, clothing, and social media site. Personally, how would you determine
Law Incorporation [45]

Answer:

There are various aspects that would have the most weight.

Explanation:

Download docx
8 0
3 years ago
f Microsoft sells copies of Windows in Japan and then uses the proceeds from the sale to buy bonds from the Japanese government,
Sergeeva-Olga [200]

Answer:

Net Exports Increase and net capital outflow increases.

Explanation:

When Microsoft sells copies of Windows in Japan and then uses the proceeds from the sale to buy bonds from the Japanese government. From the perspective of the United States there is an increase in the net exports from the US, because copies of Windows which are a product of the US economy is being sold in Japan.

There will also be a net outflow of capital as a result of purchase of Japanese government bonds. The capital gained from the sale of copies of Windows is not returned to the US economy, but is rather invested in the Japanese economy.

7 0
3 years ago
Read 2 more answers
Streaming media uses only small amounts of data true or false
Bogdan [553]
<span>Streaming media uses incredible amounts of data, since each pixel shown on the screen is a single piece of 'data', and the higher the resolution the greater amounts of data required. The answer is false.</span>
7 0
3 years ago
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