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Corinne's Employer Offers a Cafeteria Plan That Allows Employees to Choose

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Corinne's employer offers a cafeteria plan that allows employees to choose among a number of benefits. Each employee is allowed $12,000 in benefits. For 2014, Corinne selected $4,500 of health insurance, $5,500 of dependent care, $1,000 in 401(k) contributions, and $1,000 of cash. How much must Corinne include in taxable income?


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Emotional

Pertaining to feelings, where a person's emotional aspect involves their mood, temperament, and ability to express feelings.

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A feeling of curiosity or concern about something or someone, often leading to engagement or investigation.

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Individuals who are similar in age or status within a certain social group.

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A competitive sport played between two teams, where the objective is to score points by shooting a ball through the opponent's hoop.

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