dependent care plan

Definition of "dependent care plan"
  1. A tax-free fringe benefit that a business can provide to eligible employees for the care of their dependents, which is typically a deductible expense for the business
How to use "dependent care plan" in a sentence
  1. The company's generous dependent care plan helped ease the financial strain on employees with young children.
  2. The dependent care plan has become a crucial part of her compensation package, allowing her to balance work and family.
  3. Due to the tax benefits, the business started a dependent care plan to attract more qualified employees.

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