Which of the Following Statements Is True About Flexible Spending

question 17

Multiple Choice

Which of the following statements is true about flexible spending accounts?

• A)They can only be used for dependent-care expenses.
• B)They restrict pretax employee contributions.
• C)They work best to the extent that employees have unpredictable expenses.
• D)Funds must be used by the plan's year end or they revert to the employer.
• E)They cause a reduction in take-home pay.

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Definitions:

Vocal Cords

Bands of tissue in the larynx that vibrate to produce sound when air passes through them during speech or singing.

Glottis

Opening for airflow in the larynx.

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Infections that impact the parts of the body involved in breathing, like the lungs and airways.

Viruses

Microscopic infectious agents that replicate only inside the living cells of an organism and can cause disease.