Distributions from Health Savings Accounts (HSAs)are Subject to Tax,if They

question 100

True/False

Distributions from Health Savings Accounts (HSAs)are subject to tax,if they are used to pay for qualified medical expenses.

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Definitions:

Subordinated Debt

A class of debt which ranks below other debts with regard to claims on assets or earnings.

Priority of Repayment

A hierarchy or order in which obligations and debts are to be paid, particularly relevant in bankruptcies and when liquidating assets.

Bond Indenture

A legal document specifying the terms and conditions under which a bond is issued.

Sinking Fund

A Sinking Fund is a fund established by an issuer of a bond to repay the principal amount of the bond at maturity, usually by setting aside funds over a period of time.