Multiple Choice
Tanya's employer offers a cafeteria plan that allows employees to choose among a number of benefits. Each employee is allowed $6,000 in benefits. For 2018, Tanya selected $3,360 ($280 per month) of parking, $1,840 in 401(k) contributions, and $800 of cash. How much must Tanya include in taxable income?
A) $0.
B) $1,040.
C) $1,120.
D) $4,000.
Correct Answer:
Verified
Correct Answer:
Verified
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