What does FSA stand for?

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Multiple Choice

What does FSA stand for?

Explanation:
FSA stands for Flexible Spending Account. This is a workplace benefit that lets you put pre-tax dollars from each paycheck into an account you use to pay for eligible expenses, such as medical costs (co-pays, prescriptions, dental, vision) or dependent-care expenses. Because those contributions are pre-tax, they reduce your taxable income for the year. Funds are tied to a plan year and often have use-it-or-lose-it rules, though some plans offer a rollover or grace period. The other options don’t reflect the common, established term used for this type of employee benefit.

FSA stands for Flexible Spending Account. This is a workplace benefit that lets you put pre-tax dollars from each paycheck into an account you use to pay for eligible expenses, such as medical costs (co-pays, prescriptions, dental, vision) or dependent-care expenses. Because those contributions are pre-tax, they reduce your taxable income for the year. Funds are tied to a plan year and often have use-it-or-lose-it rules, though some plans offer a rollover or grace period. The other options don’t reflect the common, established term used for this type of employee benefit.

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