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Author Question: Assuming you were in the 25% federal and 5% state income tax brackets last year, and you allocated ... (Read 97 times)

debasdf

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Assuming you were in the 25% federal and 5% state income tax brackets last year, and you allocated $200 per month to your flexible spending account, how much did you save if there was $1,000 remaining in the account at the end of the year?


◦ You lost $1,000
◦ You saved $720
◦ You lost $280
◦ Not enough information to accurately determine the answer


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Marked as best answer by debasdf on Apr 14, 2019

cclemon1

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