Business, 06.01.2021 17:40 zapatamylene24
All of the following statements about flexible spending accounts (FSAs) are TRUE, EXCEPT:
a. A taxpayer can direct a total of $5,000 from both employer and employee funds into a child or dependent care FSA.
b. Contributions are pre-tax.
c. Funds remaining in the account at the end of the year roll forward to the next year.
d. Expenses paid for with FSA dollars cannot be used to calculate a related credit.
Answers: 2
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All of the following statements about flexible spending accounts (FSAs) are TRUE, EXCEPT:
a. A taxp...
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