SAT College

Which sentence about flexible spending accounts (FSAs) is true?
O A. The funds in the account remain for as long as you're employed by the company sponsoring the FSA.
O B. Contributions are taxed when funds are withdrawn to use on qualifled expenses.
© C. Contributions are made with pretax dollars.
© D. There Is no
contribution limit.

Answers

Answer 1

Answer:

The Answer is C

Explanation:

Answer 2

One of the many tax-advantaged bank accounts that might save your payroll taxes is a flexible spending account. There is no contribution limit. This sentence is true about flexible spending accounts( FSAs ).

What is flexible spending accounts ?

One of the many tax-advantaged bank accounts that might save your payroll taxes is a flexible spending account, often called a flexible spending arrangement.

You can use pre-tax money from an Employee Reimbursement Account ( ERA ), also known as a Flexible Spending Account ( FSA ), to reduce the cost of qualified healthcare or child care costs each year.

You have a set amount of time during run out to submit claims for the prior year. Run out periods offer some more time for reimbursement. This is applicable to a Dependent Care FSA, Health FSA, and LPFSA.

Thus, option D is correct.

To learn more about flexible spending accounts, follow the link;

https://brainly.com/question/16969506

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