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7- Fatima's employer funds child care for all employees' children. She pays nothing for this service. The cost of Fatima's child care is $7,200 a

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7- Fatima's employer funds child care for all employees' children. She pays nothing for this service. The cost of Fatima's child care is $7,200 a year. How much of the child care benefits are taxable to Fatima? A) $0 B) $2,200 C) $5,000 D) $7,200 8- Rick chose the following fringe benefits under his employer's cafeteria plan. Which of his chosen benefits will be taxable? A) $150 cash per pay period B) medical insurance on his family C) dental insurance D) group term life insurance coverage of $20,000

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