| 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 |
$76.00 |
$76.00 |
$87.40 |
$11.40 |
$136.80 |
$7.60 |
$91.20 |
$228.00 |
| Monthly Park-n-Ride Pass |
$85.00 |
$85.00 |
$97.75 |
$12.75 |
$153.00 |
$8.50 |
$102.00 |
$255.00 |
| 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 |
$76.00 |
$76.00 |
$97.28 |
$21.28 |
$255.36 |
$7.60 |
$91.20 |
$346.56 |
| Monthly Park-n-Ride Pass |
$85.00 |
$85.00 |
$108.80 |
$23.80 |
$285.60 |
$8.50 |
$102.00 |
$387.60 |
| 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 |
$76.00 |
$76.00 |
$99.56 |
$23.56 |
$282.72 |
$7.60 |
$91.20 |
$373.92 |
| Monthly Park-n-Ride Pass |
$85.00 |
$85.00 |
$111.35 |
$26.35 |
$316.20 |
$8.50 |
$102.00 |
$418.20 |
