Which of the Following Statements Is False About Health Savings

question 9

Multiple Choice

Which of the following statements is false about health savings acounts (HSAs) ?

• A)HSAs must be paired with qualifying high-deductible health insurance.
• B)Taxpayers qualifying for Medicare do not qualify to make HSA contributions.
• C)Distributions from HSAs which are not used for medical expenses are generally subject to a 20 percent penalty and income taxes.
• D)Distributions from HSAs which are used for qualifying medical expenses are not subject to tax or penalty.
• E)Contributions to HSAs are deductible as itemized medical deductions.

Understand the implications of presenting conclusions at the beginning of an analytical report.

Recognize the structure and requirements of a Request for Proposal (RFP).

Understand and apply unit conversions within the Imperial system.

Understand and apply unit conversions within the Metric system.

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Definitions:

Title VII Suit

A Title VII Suit refers to a legal action brought under Title VII of the Civil Rights Act of 1964, which prohibits employment discrimination based on race, color, religion, sex, or national origin.

EEOC

The Equal Employment Opportunity Commission, a federal agency charged with enforcing laws prohibiting employment discrimination.

Private Plaintiff

An individual or privately held organization that brings a lawsuit to court.

Quid Pro Quo Sexual Harassment

A type of sexual harassment that occurs when submission to or rejection of sexual advances or conduct is used as the basis for decisions affecting an individual's employment.