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?

Answer rating: 100% (QA)

To calculate the savings of Mary compared to Kendal in a given year we need to consider the tax savi... View the full answer