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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.

191 Questions

Does Bank of Oklahoma have sister branch in CA?

Bank of Oklahoma does not have a sister branch in California. It primarily operates in the Midwest and has branches in states like Oklahoma, Arkansas, and Texas. For banking needs in California, customers may need to consider other financial institutions or national banks that have a presence in that state.

What if someone put you on their credit card without authorization from you are you responsible for that bill once that person dies?

If someone added you as an authorized user to their credit card without your consent, you typically wouldn't be responsible for the debt after their death. Authorized users are not legally liable for the debt incurred on the card; that responsibility lies with the primary cardholder. However, if you were a co-signer or had any legal obligation, the situation might differ. It's advisable to consult a legal expert for specific guidance based on the circumstances.

What is meant by cost related benefits in calculation of cost to company with example?

Cost-related benefits in the calculation of cost to company (CTC) refer to the financial advantages an organization gains from its expenditures on employees. These benefits can include savings from reduced turnover, increased productivity, or improved employee morale resulting from competitive salaries and comprehensive benefits packages. For example, investing in employee training may increase skills, leading to higher efficiency and reduced operational costs, ultimately benefiting the company's bottom line.

A credi card company uses your average daily balance to compute your finance charge you charge 100 on may 2nd and 200 on may 20th what is your average daily balance?

To calculate the average daily balance, you first determine the balance for each period. From May 2 to May 19 (18 days), the balance is $100, and from May 20 to the end of the month (11 days), the balance is $300. The average daily balance is calculated as follows: [(100 \times 18 + 300 \times 11) / 29 = (1800 + 3300) / 29 = 5100 / 29 \approx 175.86.] Therefore, the average daily balance is approximately $175.86.

How do you reopen bankruptcy a Chapter 7?

To reopen a Chapter 7 bankruptcy, you must file a motion with the bankruptcy court that originally handled your case. This typically involves completing the necessary forms, paying any required fees, and providing a valid reason for reopening, such as discovering assets that were not disclosed or resolving issues related to the discharge. After filing, the court will review your request and may schedule a hearing. It's advisable to consult with a bankruptcy attorney for guidance throughout the process.

Who actually gets the unused money from a flexible spending account?

Unused money from a flexible spending account (FSA) typically reverts to the employer at the end of the plan year. This is because FSAs are employer-sponsored plans, and any leftover funds are considered part of the employer's financial resources. Some employers may offer a grace period or a carryover option, allowing employees to use remaining funds within a specified time frame, but if unused amounts remain after that, they are forfeited to the employer.

Flexible expenses and discretionary spending are similar in that they both deal with?

Flexible expenses and discretionary spending both involve costs that can be adjusted based on individual choices and circumstances. Flexible expenses, such as groceries and utilities, can vary in amount but are essential for daily living, while discretionary spending includes non-essential items like entertainment and dining out. Both categories allow individuals to manage their budgets by prioritizing or reducing spending according to their financial situation and goals. Ultimately, they reflect a person's ability to control and adapt their spending habits.

How much do utilities cost in buffalo new york?

Utilities in Buffalo, New York, typically cost around $150 to $200 per month for an average household, depending on usage and the size of the home. This estimate includes electricity, heating, cooling, water, and garbage services. Factors such as seasonal changes and individual consumption habits can significantly influence overall costs. It's advisable to check with local providers for the most accurate and current rates.

Are Flexible spending account subject to FICA?

Flexible Spending Accounts (FSAs) are not subject to FICA (Federal Insurance Contributions Act) taxes. Contributions to an FSA are made on a pre-tax basis, which reduces the employee's taxable income and, consequently, the amount subject to FICA taxes. This means that both the employee and employer save on FICA taxes when funds are contributed to an FSA.

Can your employer request receipts for your flexible spending account?

Yes, employers can request receipts for expenses submitted through a flexible spending account (FSA) to verify that the expenses are eligible and were incurred for qualified medical expenses. This is part of compliance with IRS regulations to ensure that funds are used appropriately. If requested, it is important to provide the necessary documentation to avoid any potential issues with reimbursement.

What is the swift code for mandiri bank?

The SWIFT code for Mandiri Bank in Indonesia is BMRIIDJA. This code is used for international wire transfers and identifies the bank and its location. It's important to verify the specific branch's SWIFT code if you are making a transfer, as multiple branches may have different codes.

Did Ferdinand marcos have an account at sumitomo mitsui banking corporation?

Yes, Ferdinand Marcos, the former president of the Philippines, was reported to have had accounts at Sumitomo Mitsui Banking Corporation, among other financial institutions. These accounts became a focal point in investigations into his alleged ill-gotten wealth. Marcos and his family were accused of siphoning off billions of dollars during his presidency, and some of these funds were believed to be held in foreign banks, including in Japan.

How much is 4 g's in money?

In the context of money, "4 g's" typically refers to $4,000, as "g" is slang for a thousand dollars. Therefore, 4 g's would equal $4,000. This slang is commonly used in various informal settings, particularly in discussions about finances or transactions.

What is the routing and swift code of Banco de Oro Santiago Street General Santos?

The routing and swift code for Banco de Oro in General Santos City, specifically on Santiago Street, is typically used for international and domestic transactions. The general SWIFT code for Banco de Oro is BDOHPHMM. However, it's advisable to confirm the specific branch details with the bank directly or refer to their official website, as codes may vary by branch or change over time.

Goals of cost control in an organization?

The goals of cost control in an organization include optimizing resource utilization, minimizing operational expenses, and enhancing profitability. By monitoring and managing costs, organizations can identify inefficiencies and make informed decisions to improve financial performance. Additionally, effective cost control supports strategic planning and budget adherence, ensuring that the organization remains competitive in its market. Ultimately, these efforts contribute to sustainable growth and long-term success.

What is the IBAN number of Bank Hapoalim?

The IBAN (International Bank Account Number) is not a fixed number for a bank but rather is unique to each individual account. For Bank Hapoalim, as with other banks, the IBAN typically starts with the country code 'IL' followed by a series of digits specific to the individual account. To obtain the IBAN for a specific account at Bank Hapoalim, you would need to contact the bank directly or check your bank statement.

What is the swift code of Banco de oro Sanciangco branch cabanatuan?

The SWIFT code for Banco de Oro (BDO) typically follows the format "BNORPHMM." However, specific branch codes can vary, and it's essential to verify the exact SWIFT code for the Sanciangco branch in Cabanatuan directly with the bank or through their official website. Always ensure you have the correct code for international transactions.

How do you access your Publishers Clearing House Account as I have always paid by cheque. The Customer I.D.?

To access your Publishers Clearing House (PCH) account, visit the PCH website and click on the "Sign In" option. You'll need to enter your Customer ID, which can typically be found on promotional materials or previous correspondence from PCH. If you have any issues, consider reaching out to their customer service for assistance.

What happens to your money when you put it is deposited in a bank?

When you deposit money in a bank, it is typically pooled with other deposits and used by the bank to make loans and investments. The bank pays you interest on your deposit as compensation for using your money. Additionally, your funds are insured up to a certain limit by government agencies, providing a safety net. Overall, your money helps facilitate the bank's operations while earning you interest.

What does account migrate mean?

Account migration refers to the process of transferring user data, settings, and profiles from one system, platform, or account to another. This can occur during system upgrades, service changes, or when consolidating multiple accounts into a single one. The goal is to ensure a seamless transition for users while preserving their information and preferences. Proper account migration often involves data backup, compatibility checks, and user authentication to avoid data loss and ensure security.

What is a alphanumeric characters in a bank 's name?

Alphanumeric characters in a bank's name refer to the combination of letters (both uppercase and lowercase) and numbers. For example, a bank name like "First National Bank 123" includes both letters and numbers. These characters are used to create unique identifiers for financial institutions and enhance clarity in communication. In contrast, purely alphabetical names consist only of letters, while purely numerical names consist only of numbers.

Can you pay meetic registration through western Union Money Transfer?

Meetic does not typically accept Western Union Money Transfer for registration or subscription payments. Generally, payment methods for online services like Meetic include credit/debit cards and other digital payment options. It's best to check the official Meetic website for the most current payment options available.

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

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.