Calculate Income tax of both Francis and Stephen both work at the same company and both make $100,000 a year. Francis puts $5,000 a year into a dependent care FSA and Stephen does not. They both have $5,000 a year in childcare.

Answer rating: 100% (QA)

Heres the breakdown Annual Income 100000 Francis Dependent Care FSA contribution 5000 Taxable ... View the full answer