beginning of the year. If Gordon leaves the employer mid-year, what happens to the $500 employer contribution?
beginning of the year. If Gordon leaves the employer mid-year, what happens to the $500 employer contribution?
Chapter6: Business Expenses
Section: Chapter Questions
Problem 62P
Related questions
Question
Transcribed Image Text:11. Gordon participates in his employer's HSA/HDHP. On a monthly basis, Gordon contributes $100 to his
account; his employer made a lump-sum contribution of $500 to each participating employee's account at the
beginning of the year. If Gordon leaves the employer mid-year, what happens to the $500 employer
contribution?
Oa. Gordon must pay back the full $500 to his employer.
Ob. Gordon must pay back a pro-rated share of the $500 to his employer.
OC. Gordon keeps the full $500.
Od. The employer may, at its option, deduct up to $500 from Gordon's final paycheck.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
Recommended textbooks for you
Individual Income Taxes
Accounting
ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT
Individual Income Taxes
Accounting
ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT