Answered

Welcome to Westonci.ca, the Q&A platform where your questions are met with detailed answers from experienced experts. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

A company contributes $350.00 each month to a qualified §125 plan for medical insurance. In addition, $100.00 is contributed to a dependent care flexible spending account. How are these amounts taxed? $450.00 is subject only to social security and Medicare taxation. $450.00 is not taxable income. Only $100.00 is fully taxable. Only $350.00 is fully taxable.

Sagot :

Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.