| 15% Federal Tax Bracket |
Item Price |
Monthly Expense |
Earnings Required to Buy After-Tax @ 15% |
Earnings Saved by Buying on Pre-Tax Basis |
Annual Savings on Federal Income Tax |
Additional Monthly Savings on Other Payroll Taxes (estimated @10%) |
Additional Annual Savings on Other Payroll Taxes (estimated @10%) |
Combined Annual Tax Savings |
| Monthly Bus/Rapid Pass |
$85.00 |
$85.00 |
$97.75 |
$12.75 |
$153.00 |
$8.50 |
$102.00 |
$255.00 |
| Monthly Park-n-Ride Pass |
$95.00 |
$95.00 |
$109.25 |
$14.25 |
$171.00 |
$9.50 |
$114.00 |
$285.00 |
| 28% Federal Tax Bracket |
Item Price |
Monthly Expense |
Earnings Required to Buy After-Tax @ 28% |
Earnings Saved by Buying on Pre-Tax Basis |
Annual Savings on Federal Income Tax |
Additional Monthly Savings on Other Payroll Taxes (estimated @10%) |
Additional Annual Savings on Other Payroll Taxes (estimated @10%) |
Combined Annual Tax Savings |
| Monthly Bus/Rapid Pass |
$85.00 |
$85.00 |
$108.80 |
$23.80 |
$285.60 |
$8.50 |
$102.00 |
$387.60 |
| Monthly Park-n-Ride Pass |
$95.00 |
$95.00 |
$121.60 |
$26.60 |
$319.20 |
$9.50 |
$114.00 |
$433.20 |
| 31% Federal Tax Bracket |
Item Price |
Monthly Expense |
Earnings Required to Buy After-Tax @ 31% |
Earnings Saved by Buying on Pre-Tax Basis |
Annual Savings on Federal Income Tax |
Additional Monthly Savings on Other Payroll Taxes (estimated @10%) |
Additional Annual Savings on Other Payroll Taxes (estimated @10%) |
Combined Annual Tax Savings |
| Monthly Bus/Rapid Pass |
$85.00 |
$85.00 |
$111.35 |
$26.35 |
$316.20 |
$8.50 |
$102.00 |
$418.20 |
| Monthly Park-n-Ride Pass |
$95.00 |
$95.00 |
$124.45 |
$29.45 |
$353.40 |
$9.50 |
$114.00 |
$467.40 |
