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Flexible Spending Accounts

FSA accounts enable employees of a company to make pre-tax contributions that can be used towards eligible medical or dependent care expenses.

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Making correct choices while buying different items?

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Asked by Wiki User

what are the correct choices of a consumer while buying different items

What is the average monthly phone bill for one person?

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Asked by Wiki User

I would say if you want a bundled plan with local and long distance calling, you will normally pay $50-60 per month. If you have broadband internet you can get home phone service with Free Long Distance for as low as $14.95 per month.

What are the characteristics of a bank confirmation letter?

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Asked by Wiki User

Letter contains management's authorisation to disclose the necessary information

Auditors examine evidencecavialable to support management explanations

Letters are snet by thethe auditor and customenrs are requested to repky directly to the auditor

The auditor selects the items for which they will request confirmation. If your organization has a valid reason to object to any of these selections, discuss this with your auditor before the confirmation process continues.

The auditor designs the confirmation requests and tailors them to specific audit objectives. The auditor will consider the type of request, prior experience, the nature of the information being confirmed, and the intended respondent of the confirmation letter.

The auditor communicates the confirmation request to the third party by sending out the audit confirmation letter. There are two types of confirmation letters: positive requests (asking the third party if they agree or disagree with the stated information, or to fill in the blanks) and negative requests (where the third party only has to reply if they disagree with the stated information).

The auditor obtains the response (if any) from the third party. If the third party fails to respond or responds with conflicting information, the auditor may ask your staff for clarification or pursue alternative confirmation procedures.

The auditor evaluates the information they received, including the reliability of that information and how it relates to the organization’s finances.

In general, audit evidence is most reliable when it is obtained from independent parties outside of the organization. That’s why audit confirmation letters are such a critical part of the audit process. If you have any questions or concerns regarding the audit confirmations, don’t hesitate to reach out to your audit firm.

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Are white girls tighter than asians?

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Asked by Wiki User

No, I'd say white girls spend more freely than Asian girls.

What happens to unused HSA funds?

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Asked by Gingergirlsjustwannahavefunds

It depends on the company, but most will take unused HSA and roll it over for you to use in the future or they will roll it into an IRA for you.

What are the vital factors banks managers will consider befor gianting credit facilities?

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Asked by Wiki User

Bank Managers would always consider the following:
1. Viability of the investment (actual or expected turnover)
2. Economic value of the collateral to secure the credit facility.
3. Security risks of the investment
4. Possibility of negative effect from government policies in the near future for investment that can be affected by political reasons.
5. Your current net worth and ability to pay back.
6. History of financial performance of the investment

What banks offer flexible spending accounts?

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Asked by Wiki User

Flexible spending account is one of the benefits offered by US Bank catering for one's healthcare payment. It is one way of reaping tax savings and helping individuals come up with smarter decisions to stay healthy.

Where does one learn more about the benefits of having a flexible spending account?

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Asked by Wiki User

You can find out about the benefits of having a flexible spending account anywhere on the Internet. You can get good information on FinancialPlan. They tell you all the things about saving and budgeting.

What is the name for the amount you save when you buy an item at a discounted price?

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Asked by Wiki User

The name of the amount of money you save when you buy an item at a discounted price is called the difference of the original price. To find the difference, you simply subtract the discount price from the original price and that total is the amount of money you saved, the difference.

How can you withdraw money from two dollar click.com?

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Asked by Wiki User

You can withdraw money from two dollar click only if you have already signed up and set up an established, approved account from them. Otherwise, you can't.

Can you appeal a forfeiture of your health care flexible spending account?

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Asked by Wiki User

Sorry But you cant without a japenese drivers license. ;P

You can appeal only if you disagree with what the plan allowed as expenses. In other words, if you submitted claims on time but the reason you had forfieture is that they did not count them, you can appeal the reasons. Otherwise it may be very hard to appeal. Don;t forget to claim the forfeiture on your taxes - that might help lessen the bite a little.