Mary giles participates in a flexible spending account fsa, Financial Accounting

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Mary giles participates in a flexible spending account fsa

Mary Giles participates in a flexible spending account (FSA) arrangement with her employer. She has a choice of receiving $5,000 of child care assistance or $5000 of health cost reimbursements. Mary’s adjusted gross income each year is approximately $80,000. What factors should Mary consider in making this choice?

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Financial Accounting: Mary giles participates in a flexible spending account fsa

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