Question
Mary and Kendal both work for Amazon. They both make $69,000 and they also each have $1200 a year in child care expenses. Mary deposits
Mary and Kendal both work for Amazon. They both make $69,000 and they also each have $1200 a year in child care expenses. Mary deposits $1200 a year into a dependent care flexible spending account while Kendal does not. They both have a tax rate of 17%. How much does Mary save vs. Kendal in a given year?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
