Which of the Following Statements About Eligibility Requirements for Qualified

question 22

Multiple Choice

Which of the following statements about eligibility requirements for qualified Health Savings Accounts (HSAs) is (are) true?
I.Only individuals who are eligible for Medicare benefits can establish a qualified HSA.
II.You must be covered by a high deductible health plan and not be covered by any other comprehensive health plan to establish a qualified HSA.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

DFL

Degree of Financial Leverage, a ratio that measures the sensitivity of a company's earnings per share (EPS) to fluctuations in its operating income due to changes in its capital structure.

Financial Risk

Facing potential financial losses in an investment or entrepreneurial endeavor.

EBIT

Earnings Before Interest and Taxes, a measure of a company's financial performance that excludes interest and income tax expenses.

EPS

Earnings Per Share; a financial ratio indicating the portion of a company's profit allocated to each outstanding share of common stock, serving as an indicator of a company's profitability.