Up to $10,000 of Dependent Care Expenses Can Be Excluded

question 88

True/False

Up to $10,000 of dependent care expenses can be excluded from an employee's compensation.

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Definitions:

Liable

Legally responsible for causing damage or injury, thereby subject to civil legal action or compensation requirements.

Damages

A sum of money awarded in compensation for a loss or injury.

Forged Check

A check that has been illegally signed or altered by someone other than the account owner.

Obligated

A condition or situation where one is legally or morally bound to perform a certain action or fulfill a duty.