Which of the Following Statements About Flexible Spending Accounts Is

question 94

Multiple Choice

Which of the following statements about flexible spending accounts is NOT true?

• A)They can only be used for dependent-care expenses
• B)They permit pre-tax employee contributions
• C)They are regulated under the federal tax code
• D)Funds must be used by the plan's year end or they revert to the employer

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Definitions:

Refuted

Successfully argued against a statement or theory, proving it to be wrong or false.

Well-Established Theories

Theories that have been widely accepted and validated through substantial evidence and scientific inquiry.

Studied Problem

An issue or challenge that has been the subject of detailed examination and research to understand its nature and find solutions.

Pseudoscience

A body of explanations or hypotheses that masquerades as science.