Mary and Kendal both work for Amazon. They both make $69,000 and they also each have $1200
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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?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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