Author Question: Which of the following statements concerning Collision Damage Waivers (CDW) is false? A) CDWs ... (Read 82 times)

Capo · **on:** Jul 11, 2018

Which of the following statements concerning Collision Damage Waivers (CDW) is false?

A)

CDWs waive the rental firm's right to charge you for damage to the rental car.
B)

CDWs are often a low-cost worthwhile purchase when you rent a car.
C)

CDWs are issued by auto rental firms and not by commercial insurance companies.
D)

CDWs do not provide the same personal liability auto protection as provided under the family auto policy.

Question 2

Which of following statements concerning health savings accounts (HSA) is incorrect?

A)

Your contributions are tax deductible whether or not you itemize.
B)

Employer contributions are not included in your gross income.
C)

Amounts in the account at the end of the year are forfeited.
D)

Funds in the account may be used as a source of retirement funds.