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Assume that your employer allows you to have a flexible spending account (FSA) for child...

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Accounting

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Assume that your employer allows you to have a flexible spending account (FSA) for child care expenses. If you typically spend $5,000 per year on child care, what is the effective cost of your child care if you contribute $5,000 to the FSA and your marginal tax rate is 20%? $4,000 $4,200 $3,800 $5,000 You expect to receive an inheritance of $100,000 10 years from now, and you want to know how much it is worth today. If you can earn 5% on your investments, what is the value today? 10,500 61,391 99,501 100,000 Ima Saiver decides to begin contributing to a savings account for her daughter's college education. If she puts $200 into the account at the end of every month and earns 5 percent interest per year (compounded monthly), how much will she have at the end of 12 years? $364 $3,183 $30,240 $39,353

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