A Flexible Spending Account (FSA) Is

question 140

Multiple Choice

A flexible spending account (FSA) is

• A)a vehicle that allows employee-paid expenses for medical or dependent care to be paid with pretax dollars.
• B)available through all employers.
• C)funded by an employer.
• D)taxable income received by the employee if not used by the end of the year.

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Definitions:

Database Design

The process of structuring and organizing data in a database to efficiently manage and retrieve information.

Y2K Problem

A computer bug related to the formatting and storage of calendar data for dates beginning in the year 2000, where systems using two digits to represent the year could not distinguish between 1900 and 2000.

Service Downtime

A period during which a service is not operational or available to users, often due to maintenance or technical issues.

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The phenomenon of consumers discontinuing their business with a company or service, often due to dissatisfaction, better alternatives, or changing needs.