pre-tax dollars

English translation: dollars out of gross income, before paying tax

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:pre-tax dollars
Selected answer:dollars out of gross income, before paying tax
Entered by: Ashutosh Mitra

12:17 Oct 13, 2013
English language (monolingual) [PRO]
Bus/Financial - Insurance
English term or phrase: pre-tax dollars
If you set aside pre-tax dollars in the Healthcare FSA, you will receive a Your Spending Account™ (YSA) debit card that makes it easy to be reimbursed for eligible health care expenses.

(Promotional text for an Insurance company of USA)
Ashutosh Mitra
India
Local time: 22:23
dollars out of gross income, before paying tax
Explanation:
Check out the link below.
Selected response from:

Martin Riordan
Brazil
Local time: 13:53
Grading comment
Thanks Martin!
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
4 +7dollars out of gross income, before paying tax
Martin Riordan


  

Answers


29 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +7
dollars out of gross income, before paying tax


Explanation:
Check out the link below.


    Reference: http://www.wageworks.com/employee/why-wageworks/pre-tax.htm
Martin Riordan
Brazil
Local time: 13:53
Native speaker of: Native in EnglishEnglish
PRO pts in category: 8
Grading comment
Thanks Martin!

Peer comments on this answer (and responses from the answerer)
agree  Trudy Peters
13 mins
  -> Thanks, Trudy!

agree  Hal D'Arpini: I'd add that it should be "taxes," as income tax is referred to in the plural, and that when you're employed (as is usually the case with healthcare spending acconts), taxes are withheld from your pay; you don't pay them yourself each time you're paid.
45 mins
  -> Thanks for the contribution, Hal.

agree  Edith Kelly
1 hr
  -> Thanks, Edith!

agree  Anna Herbst: Income before taxes
1 hr
  -> Thanks, Anna!

agree  Veronica Prpic Uhing: With Anna
4 hrs
  -> Thanks, Veronica!

agree  Phong Le
12 hrs
  -> Hi, Phong Le! Thank you.

agree  maelstrom143 (X)
1 day 1 hr
  -> Thanks, maelstrom!
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