One Disadvantage of a Flexible Spending Account Is That

question 13

Multiple Choice

One disadvantage of a flexible spending account is that

• A) the amount is not subject to federal, state or local taxes.
• B) unused funds in the FSA over the amount of $500 cannot be rolled over into the next year.
• C) funds are available to pay for out-of-pocket medical expenses.
• D) it allows you to budget for uncovered medical expenses.

---

Definitions:

Crowdsourcing

The practice of obtaining input or information from a large number of people, typically via the Internet, to solve problems, gather information, or generate new ideas.

Social Media

Websites and applications that enable users to create and share content or to participate in social networking.

Crowdsourcing

The process of gathering ideas, information, or content by requesting contributions from a broad audience, usually through the internet.

Analytics

The systematic analysis of data or statistics, often using advanced methods to extract insights for decision-making or optimization.