Term: Dependent Care / Dependent Care Assistance
Definition:A fringe benefit provided by the employer to its employees as sanctioned under the 1981 Economic Recovery Tax Act. This benefit is nontaxable to the employee under Internal Revenue Code Section 129, and the costs incurred by the employer are considered tax deductible.
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Course | Page Number |
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78 - Salary Increase Planning | 7 |
ERI Economic Research Institute is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP® or SHRM-SCP®