Tax MCQ Tax Chapter 4 Fatima's employer provides a child care center where her two children stay while she works. She pays nothing for this service. If Fatima paid for comparable child care, it would cost $7,200 a year. How much of the child care benefits are taxable to Fatima?

Fatima's employer provides a child care center where her two children stay while she works. She pays nothing for this service. If Fatima paid for comparable child care, it would cost $7,200 a year. How much of the child care benefits are taxable to Fatima?

Tax Chapter 4

Fatima's employer provides a child care center where her two children stay while she works. She pays nothing for this service. If Fatima paid for comparable child care, it would cost $7,200 a year. How much of the child care benefits are taxable to Fatima?

A) $0
B) $2,200
C) $5,000
D) $7,200

Answer: B

Tax MCQ

Fatima's employer provides a child care center where her two children stay while she works. She pays nothing for this service. If Fatima paid for comparable child care, it would cost $7,200 a year. How much of the child care benefits are taxable to Fatima?

Fatima's employer provides a child care center where her two children stay while she works. She pays nothing for this service. If Fatima paid for comparable child care, it would cost $7,200 a year. How much of the child care benefits are taxable to Fatima?

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