Which sentence describes the correct use of flexible spending account (FSA) funds?

A.
Charlotte is planning to purchase soap and shampoo with her health FSA funds.
B.
Kelly is planning to use her dependent care FSA funds for care of her grandmother during the day. She lives with Kelly, and Kelly claims her as a dependent on her tax return.
C.
At the end of his plan year, Jose still has $1,000 in his health FSA, so he intends to carry this amount over and use it by the end of the following year.
D.
Knox plans to use dependent care FSA funds to pay for childcare during an evening out with friends.
E.
Vivica plans to contribute $5,000 to her health FSA in the coming plan year.

Kelly is planning to use her dependent care FSA funds for care of her grandmother during the day. She lives with Kelly, and Kelly claims her as a dependent on her tax return.

Step-by-step explanation:

correct on plato/edmentum

Answer Link

psm22415 psm22415 · Answer 2 · 2022-05-19T03:58:12+02:00

The sentence describes the correct use of flexible spending account (FSA) funds is Kelly is planning to use her dependent care FSA funds for care of her grandmother during the day. She lives with Kelly, and Kelly claims her as a dependent on her tax return.

What is an FSA?

A Flexible Spending Account (FSA) is a type of savings account available in the United States that provides the account holder with specific tax advantages.

A flexible spending account (FSA) is a type of savings account, usually for healthcare expenses, that sets aside funds for later use.

Flexible Spending Account (FSA) An arrangement through your employer that lets you pay for many out-of-pocket medical expenses with tax-free dollars.

Kelly is planning to use her dependent care FSA funds for care of her grandmother during the day.

She lives with Kelly, and Kelly claims her as a dependent on her tax return.

Hence, the sentence describes the correct use of flexible spending account (FSA) funds is Kelly is planning to use her dependent care FSA funds for care of her grandmother during the day. She lives with Kelly, and Kelly claims her as a dependent on her tax return.

Learn more about FSA here;

https://brainly.com/question/20388870

#SPJ2