If an employer contributes to an HSA on behalf of an employee,: a. Is the contribution deductible
Question:
a. Is the contribution deductible by the employee?
b. Is the payment considered income to the employee?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
a No because the employee paid nothing There ...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Fundamentals Of Taxation 2015
ISBN: 9781259293092
8th Edition
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
Question Posted:
Students also viewed these Accounting questions
-
An employer contributes $2,000 annually to a deferred profit-sharing plan on behalf of an employee for 10 years. The plan invests the funds and earns an annual return of 12%. What is the pre-tax...
-
1. How did the Supreme Court majority respond to the court of appeals determination that the EEOCs remedy options were limited to injunctive relief in a situation where an employee signed a mandatory...
-
Multiple Choice. Choose the best answer. Items 1 through 3 relate to the following information. The county administers a tax agency fund that collects taxes on behalf of the county city, and a...
-
In its first year of operation, Oriole Printing Shop estimated manufacturing overhead costs and activity in order to determine a predetermined overhead rate. At year end, March 31, overhead was...
-
Pin Cushion Company produces two models of sewing basket. Information about Pin Cushions products is given below: Pin Cushions fixed costs total $35,200. Required: 1. Determine Pin Cushions...
-
Philip Castor, owner of Castor Corporation is located at 1310 Garrick Way, Sun Valley, Arizona, 86029, phone number 928-555-8842. The Federal EIN is 20-1943848, and the state employer identification...
-
Sample office rental rates (in dollars per square foot per year) for Los Angeles are shown in the table at the left. Use technology to find the mean rental rate and the sample standard deviation.
-
The Rolling Department of Keystone Steel Company had 400 tons in beginning work in process inventory (20% complete). During the period, 7,900 tons were completed. The ending work in process inventory...
-
According to Governance, Risk & Compliance (2023), Jessica Fountaine, a woman from Florida got arrested on suspicion of fraud and third-degree grand theft in connection with a resident of Brandon...
-
Howell Food Products (HFP) produces the most popular of its canned soup varieties at the Stadium Plant. The Stadium Plant has two departments: Mixing and Canning. Raw materials are added at two...
-
Cindy attended State University during 2009-2013. She lived at home and was claimed by her parents as a deduction during the entire duration of her education. She incurred education expenses of...
-
Fabian, a single account executive, was employed and resided in New Mexico. On July 1, 2014, his company transferred him to Florida. Fabian worked full-time for the entire year. During 2014, he...
-
You can drive any class from a main method within that class, and you can retain that main method for future testing of that class even though that class is normally driven from another class in a...
-
The prescription drug Daraprim is used to treat toxoplasmosis, a parasitic disease that generally occurs in patients with weakened immune systems, such as pregnant women or people suffering from...
-
What specific practices will most help your employer move from a somewhat diverse workforce to a culture of inclusion?
-
A recurring theme has emerged over the past few years in classroom discussions and management training about cases that involve subprime lending, CDOs, hedge funds, and the exotic instruments that...
-
A long-standing research controversy is whether, when, and how extrinsic rewards overpower and undermine intrinsic motivation. Some believe extrinsic rewards hurt intrinsic motivation, and it can...
-
The shifted norm referred to in the readings means that we have an acceptable level of conduct beyond what laws and regulations require. For example, the North Carolina State Troopers have a motto or...
-
Find the derivative. Assume a, b, c, k are constants. g(t) =
-
In the operation of an automated production line with storage buffers, what does it mean if a buffer is nearly always empty or nearly always full?
-
How are deferred tax assets and deferred tax liabilities reported on the statement of financial position under IFRS?
-
How are deferred tax assets and deferred tax liabilities reported on the statement of financial position under IFRS?
-
How are deferred tax assets and deferred tax liabilities reported on the statement of financial position under IFRS?
-
The weekly salaries (in dollars) of 24 randomly selected employees of a company are shown below: 310 320 450 460 470 500 520 580 600 650 700 540 710 840 870 900 1000 1200 1250 1300 1400 1720 2500...
-
(a) Assume a non-dividend paying asset St, undergoes geometric Brownian motion dS = S+dt+S+dWt where W is a standard Brownian motion and and are constants. We assume also that r, the risk-free...
-
Eleanor is auditing a large manufacturing company. Currently, she is looking at the entire population of inventory purchases for the year, and matching the purchase order, receiving documentation,...
Study smarter with the SolutionInn App