Each of the numbered items below is accorded only one of the following lettered treatments. Use the existing law as it applies to the current year, match the best answer to the statements below.
-Laura's employer pays the first $5,000 in childcare benefits under their childcare assistance plan.

Question

Quizplus · Accepted Answer

According to current law, an employer can exclude up to $5,000 per year in childcare benefits from an employee's gross income. This means that Laura's employer's payment of the first $5,000 in childcare benefits under their childcare assistance plan is fully excluded from her gross income.

Each of the Numbered Items Below Is Accorded Only One