Belinda set up a flexible spending account through her employer for her child-care expenses and contributed $5,000 to the account. If she incurs $8,000 in child-care expenses throughout the tax year and is in the 24% tax bracket, what effect will the flexible spending account have on her finances?

a. She will be able to pay for all of her child care on a pretax basis.

b. This type of account only applies to health costs, so she will not save anything.

c. She will be able to pay for part of the child care on a pretax basis.

d. She will save $5,000 because she can get tax credits for that amount.