Rachel receives reimbursement from her employer for dependent care expenses for up to 10,000. Racheal applies...
Rachel receives reimbursement from her employer for dependent care expenses for up to 10,000. Racheal applies or and receives reimbursement of 7,000 for her 1-year old son. How much if any s includible in her income?
Homework Answers
Answer:
Employees or workers may exclude up to $ 5,000 of dependent care expenses .
Here ,Rachel receives reimbursement = $ 7,000.
Therefore , the answer is $ 2,000 ( $ 7,000 - $ 5,000).
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