1. Health savings accounts (HSAs) are different from flexible spending accounts (FSAs) in that:

•  FSAs allow for medical expenses to be paid using pre-tax dollars, and HSAs do not.
• HSAs allow for medical expenses to be paid using pre-tax dollars, and FSAs do not.
• FSAs allow contributions to be saved long-term, and HSAs do not.
•  HSAs allow contributions to be saved for the future, and FSAs do not.

2. Montell was in a combat zone from March 10 through August 15. During the year, the military paid $4,800 toward his student loans ($400 per month). How much of that benefit is taxable income?

• $400
• $2,400
• $3.600
• $4,800

3. How are clergy housing allowances and the fair rental value of provided housing treated for tax purposes?

• For all clergy, the amounts are excluded for self-employment tax, but included for income tax.
• For all clergy, the amounts are excluded from gross income for both self-employment and income taxes. 
• For active clergy, the amounts are included in gross income for self-employment tax, but excluded for income tax.
• For active clergy, the amounts are included in gross income for self-employment and income taxes.

4. Maria is a self-employed photographer with a qualified in-home office. Which of the following is a qualified business expense for Maria?

•  Home mortgage interest.
•  Her personal post office box.
•  The new deck she had built.