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DOD Tuition Assistance is a US Department of Defense (DOD) program that funds higher education programming for US military servicemembers. Currently, DOD TA funds servicemember's college tuition and fees, not to exceed $250 per semester credit hour or $166 per quarter credit hour and not to exceed $4,500 per fiscal year, Oct. 1 through Sept. 30.
Reimbursement is the act of compensating someone for an out-of-pocket expense by giving them an amount of money equal to what was spent. [1]Companies, governments and nonprofit organizations may compensate their employees or officers for necessary and reasonable expenses; under US [2] [3] law, these expenses may be deducted from taxes by the organization and treated as untaxed income for the ...
Siemens Financial Services GmbH (SFS) is a division of the German Siemens company that offers international financing in the business-to-business area. The company’s global headquarters is in Munich, Germany. SFS serves both Siemens and external clients, primarily in the energy, industry, healthcare and infrastructure & cities markets.
Reimbursement: The employer reimburses the employee for eligible premium costs, typically on a monthly basis. The reimbursement is tax-free for both the employer and the employee, making it a ...
A Health Reimbursement Arrangement, also known as a Health Reimbursement Account (HRA), [1] is a type of US employer-funded health benefit plan that reimburses employees for out-of-pocket medical expenses and, in limited cases, to pay for health insurance plan premiums.
The Siemens Foundation is a non-profit organization in the United States, established by Siemens AG in 1998. It is responsible for the Siemens Competition (formerly Siemens Westinghouse Competition), a prestigious science award for U.S. high school students, which Siemens established after its 1997 acquisition of Westinghouse Electric Corporation turned out not to include the rights to the ...
In the United States, a flexible spending account (FSA), also known as a flexible spending arrangement, is one of a number of tax-advantaged financial accounts, resulting in payroll tax savings. [1] One significant disadvantage to using an FSA is that funds not used by the end of the plan year are forfeited to the employer, known as the "use it ...
Saving accounts earn you interest on your balance — anywhere from a modest 1% APY with a traditional account to a lucrative 4% APY and higher for high-yield accounts — compounding what you ...