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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.
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Transit
and Vanpool |
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Participants
Please
enter the number of employees you believe will participate in this aspect
of the program. |
RequiredIntegers only |
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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
$230. |
$
RequiredIntegers only |
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Parking |
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Participants
Please
enter the number of employees you believe will participate in this aspect
of the program. |
RequiredIntegers only |
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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 $230. |
$
RequiredIntegers only |
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Employee
Status
Please
select the percent of employees in your company who make more than $84,900
annually. |
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Administrative
Costs |
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Hours
Please
enter the number of hours you expect your human resources staff to spend
per month on implementing these programs. |
RequiredIntegers only |
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Salary
Please
enter the average annual salary for human resources specialist personnel
at the company. (National average is $37,700) |
$
RequiredIntegers only |
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Estimate
Employer Annual Tax Savings: |
$0.00 |
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Estimated
Employer Annual Administrative Costs: |
$0.00 |
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Estimated
Employer Annual Savings or (Cost): |
$0.00 |
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