Lifetime savings accounts known as lsa by investing 10000 5 years ago and increased his deposit each year by:_________

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Lifetime savings accounts known as lsa by investing 10000 5 years ago and increased his deposit each year by: 1000.

An LSA account is what?

Employers can assist their staff members in paying for health and wellness expenses as well as occasionally other charges that aren't generally covered by a group health plan by Lifestyle Spending Accounts (LSA). Employers who provide LSAs decide which expenses are reimbursed and how much is given to each employee. Employers can assist their staff members in paying for health and wellness expenses as well as occasionally other charges that aren't generally covered by a group health plan by offering Lifestyle Spending Accounts (LSA).

Employers who provide LSAs decide which expenses are reimbursed and how much is given to each employee. Employers finance the LSA with money that is taxed to the employee when they spend it, unlike other spending accounts like flexible spending accounts.

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