| 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 |
$63.00 |
$63.00 |
$72.45 |
$9.45 |
$113.40 |
$6.30 |
$75.60 |
$174.00 |
| Monthly Park-n-Ride Pass |
$70.00 |
$70.00 |
$80.50 |
$10.50 |
$126.00 |
$7.00 |
$84.00 |
$210.00 |
| 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 |
$63.00 |
$63.00 |
$80.64 |
$17.64 |
$211.68 |
$6.30 |
$75.60 |
$287.28 |
| Monthly Park-n-Ride Pass |
$70.00 |
$70.00 |
$89.60 |
$19.60 |
$235.20 |
$7.00 |
$84.00 |
$319.20 |
| 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 |
$63.00 |
$63.00 |
$82.53 |
$19.53 |
$234.36 |
$6.30 |
$75.60 |
$309.96 |
| Monthly Park-n-Ride Pass |
$70.00 |
$70.00 |
$91.70 |
$21.70 |
$260.40 |
$7.00 |
$84.00 |
$344.40 |
