Matilda Works for a Company with 1,000 Employees

question 50

Multiple Choice

Matilda works for a company with 1,000 employees. The company has a hospitalization insurance plan that covers all employees. However, the employee must pay the first $3,000 of his or her medical expenses each year. Each year, the employer contributes $1,500 to each employee's health savings account (HSA) . Matilda's employer made the contributions in 2016 and 2017, and the account earned $100 interest in 2017. At the end of 2017, Matilda withdrew $3,100 from the account to pay the deductible portion of her medical expenses for the year and other medical expenses not covered by the hospitalization insurance policy. As a result, Matilda must include in her 2017 gross income:

• A)$0.
• B)$100.
• C)$1,600.
• D)$3,100.
• E)None of these.

---

Definitions:

Shared Leadership

An emergent and dynamic team phenomenon whereby leadership roles and influence are distributed among team members.

Initiate Changes

The act of beginning or introducing alterations or modifications in processes, practices, or structures.

Viable Future

A Viable Future pertains to a state or condition that is capable of working successfully and sustainably over the long term.

Low Intelligence

Refers to individuals who have below-average cognitive abilities or IQ scores.