 | As an employer, if you set up a commuter choice
program, you will save money and so will your employees. You
will be able to save money by reducing payroll taxes. Your
employees will be able to take home more income by using pre-tax
income to pay for transit and vanpool fares and parking costs. Please use the following calculator to estimate employer tax savings. |
|
Transit and Vanpool |
| | Participants Please enter the number of employees you believe will
participate in this aspect of the program. | |
| | Fares Please enter the amount of money (use a whole dollar
amount), on average, each of your employees will put into the transit
and vanpool pre-tax program per month. The amount for transit and vanpool
fares must not exceed $115. | $ |
|
Parking |
| | Participants Please enter the number of employees you believe will participate
in this aspect of the program. | |
| | Costs Please enter the amount of money (use a whole dollar
amount), on average, each of your employees will
put into the parking cost pre-tax program per
month. The amount for parking costs must not exceed $220. | $ |
|
| | Employee Status Please select the percent of employees in your company who make more than $84,900 annually. | |
|
Administrative Costs |
| | Hours Please enter the number of hours you expect your human resources staff to spend per month on implementing these programs. | |
| | Salary Please enter the average annual salary for human resources specialist personnel at the company. (National average is $37,700) | $ |
| |
|
Estimate Employer Annual Tax Savings: | $0 |
Estimated Employer Annual Administrative Costs: | $0 |
|
Estimated Employer Annual Savings or (Cost): | $0 |
| |
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