Regarding a Flexible Spending Account, Which of the Following Is

question 93

Multiple Choice

Regarding a flexible spending account, which of the following is not true?

• A) You may put a predetermined amount of your pre-tax salary in the account monthly.
• B) The money may be used throughout the year to pay medical or dental expenses tax-free.
• C) If you don't use the funds during the year, you lose them.
• D) Your employer will match your funds dollar-for-dollar.

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Definitions:

Hazardous Chemicals

Substances that pose a risk to health, safety, or the environment, requiring careful handling, storage, and disposal to prevent harm.

Sewing Machines

Mechanical or electronic devices used to stitch fabric or other materials together.

Trade Deficit

A situation where a country's imports exceed its exports during a specific period, leading to a net outflow of domestic currency to foreign markets.

Net Exports

The value of a country's total exports minus its total imports; a measure of a nation's foreign trade balance.