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Solve the system by the method of substitution.
Flexible Spending Account
A special account you put money into that you use to pay for certain out-of-pocket health care costs, using pre-tax dollars, thus reducing taxable income.
Medical Insurance
A type of insurance coverage that pays for an insured individual's healthcare expenses.
Taxable Income
The amount of income used to determine how much the taxpayer owes in taxes, after deductions and exemptions.
Tax Freedom Day
The day of the year by which a nation as a whole has theoretically earned enough income to pay its taxes for the year.
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