Which of the Following Statements Is True About Flexible Spending

question 80

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 are regulated under the state tax code.
• D)Funds must be used by the plan's yearend or they revert to the employer.
• E)These accounts cause a reduction in the take-home pay.

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Definitions:

Membrane Attack Complex

A structure formed on the surface of pathogenic bacteria as part of the immune system's response, leading to the lysis of the cells.

Complement

A system of proteins in the blood serum and plasma that enhances the ability of antibodies and phagocytic cells to clear pathogens from an organism.

Bacteria

Single-celled microorganisms that come in various forms and can inhabit a wide range of environments, including the human body.

Inflammatory Response

Tissue response to injury that is characterized by redness, swelling, pain, and heat.