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Employers
The average American driver may spend more than 450 hours each year - equal to
nearly 11 weeks of work - behind the wheel.
In addition to improving the environment, encouraging your employees to use
transit helps them -- and you in many ways:
- Reducing stress
- Reducing accidents
- Saving money - on fuel, maintenance, insurance, parking and taxes!
Pre-tax commuter benefit programs can save you thousands of dollars in payroll
taxes while helping your employees and the environment.
|
 |
| Monthly commuter expenses |
$125 |
| Annual salary |
$40,000 |
| Monthly Costs without pre-tax deduction |
$125 |
| Monthly Costs with pre-tax deduction |
$75 |
| Employees could net annual savings |
$600* |
| Number of employees |
250 |
| % employees using mass transit |
15% |
| Company's Annual Payroll Tax Savings |
$4,245** |
| * |
Calculated using 2010 FICA tax rates. |
| ** |
Calculation assumes all employees utilizing maximum pre-tax deductions allowed
for commuter benefits, $125/month for transit, and earn less than $94,200
annually and therefore subject to 7.65% FICA taxes. Actual savings may vary.
Consult your tax advisor. |
It's easy for you. All you have to do is enroll your company in a pre-tax
commuter benefit program.
Click here for a complete list of benefit programs.
Contact Transit Solutions at (516) 242-8121 for a complete presentation at your
location.
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