Which of the Following Statements Regarding Health Savings Accounts Is

question 55

Multiple Choice

Which of the following statements regarding Health Savings Accounts is incorrect?

• A)Taxpayers are allowed to deduct contributions to a health savings account for AGI.
• B)All taxpayers are eligible to establish a health savings account.
• C)Distributions from a health savings account are excluded from gross income if used to pay qualified medical expenses.
• D)Health savings account contributions are limited to the lesser of 100% of annual deductible under a high-deductible health plan or $3,400 for taxpayers without family coverage.

Understand the subspecialties within internal medicine and their focus areas.

Comprehend the role of medical organizations and certification bodies in healthcare.

Identify the diagnostic procedures and tools used in medical practice.

Understand the minimum educational requirements for advanced practice nurses.

---

Definitions:

Strict Liability

A legal doctrine that holds a party responsible for their actions or products without the need to prove negligence or fault.

Standard Rationale

A common or accepted reason or logic behind a decision, action, or rule, typically one that is widely accepted within a specific field or discipline.

Liable Irrespective

The notion of being liable irrespective means being legally responsible for something regardless of certain conditions or factors that might otherwise influence or excuse the liability.

Intervening Cause

An event that occurs after a defendant's initial act of negligence and contributes to the harm, potentially relieving the defendant of some liability.