Corinne's employer offers a cafeteria plan that allows employees to choose among a number of benefits. Each employee is allowed $12,280 in benefits. For the current year, Corinne selected $4,520 of health insurance, $5,520 of dependent care, $1,040 in 401(k)contributions, and $1,200 of cash. How much must Corinne include in taxable income?

Question

Quizplus · Accepted Answer

The Answer of Corinne's employer offers a cafeteria plan that allows employees to choose among a number of benefits. Each employee is allowed $12,280 in benefits. For the current year, Corinne selected $4,520 of health insurance, $5,520 of dependent care, $1,040 in 401(k)contributions, and $1,200 of cash. How much must Corinne include in taxable income?

Corinne's Employer Offers a Cafeteria Plan That Allows Employees to Choose